Summary
• Lisk/Bitcoin (LSKBTC) formed a bearish engulfing pattern near 2.29e-06, signaling potential downside pressure.
• Momentum in the 24-hour period remained muted with RSI hovering near neutral, suggesting indecision.
• Volatility expanded late in the window, with price falling to 2.17e-06 after testing key support levels.
• Turnover spiked at 16:45 ET as price dropped 50 basis points in a high-volume candle.
• 2.25e-06 and 2.27e-06 acted as key support/resistance, with 2.18e-06 now in focus for near-term direction.
Lisk/Bitcoin (LSKBTC) opened at 2.27e-06 on 2025-12-16 at 12:00 ET and traded to a high of 2.29e-06 and a low of 2.17e-06, closing at 2.17e-06 on 2025-12-17 at 12:00 ET. Total volume was 33,812.0 with turnover reaching 73.63 LSKBTC.
Structure & Formations
A bearish engulfing pattern formed on the 203000 ET candle on 2025-12-16, signaling a potential reversal after a brief rally to 2.29e-06. A key support level at 2.25e-06 and resistance at 2.27e-06 were tested multiple times, with a breakdown occurring below 2.23e-06 late in the session. A doji formed at 144500 ET, hinting at short-term indecision, while the final bearish candle on 17:00 ET closed at 2.17e-06, indicating continued bearish momentum.
Moving Averages and Momentum
Short-term 20/50-period 5-minute moving averages showed Lisk/Bitcoin consistently trading below key averages, confirming a bearish bias. The daily 50/100/200-period averages were not available, but recent intraday data suggests continuation below all key moving averages. MACD remained negative throughout most of the period, reinforcing bearish sentiment, while RSI oscillated between 30 and 50, suggesting a lack of overbought or oversold extremes.
Volatility and Bollinger Bands
Volatility expanded sharply after 16:00 ET as the price dropped from 2.23e-06 to 2.17e-06 in under 45 minutes. Bollinger Bands showed a period of consolidation early in the window followed by a significant expansion as the price broke below the lower band.
This expansion suggests increasing uncertainty and potential for further downside.
Volume and Turnover
Volume spiked dramatically on the 16:45 ET candle as price moved from 2.2e-06 to 2.19e-06, with another sharp increase on the 17:00 ET candle as price closed at 2.17e-06. Turnover also surged during this time, confirming the bearish move. However, no divergence was observed between price and turnover, suggesting the move was well-supported.
Fibonacci Retracements
Fibonacci levels drawn from the 2.29e-06 high to the 2.17e-06 low showed a 61.8% retracement near 2.22e-06. The price broke below this level with minimal resistance, suggesting traders may now target 2.18e-06 as the next potential level of interest.
Lisk/Bitcoin appears to be in a consolidating bearish phase with key support at 2.18e-06 now in focus. While the current momentum favors further downside, traders should monitor for signs of rejection or a rebound, particularly if the price finds support near this level. As always, volatility remains a risk in the next 24 hours, especially as larger liquidity clusters may be in play.
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