Market Overview for Lisk/Bitcoin (LSKBTC) – November 7, 2025

Summary
• Price advanced 0.57% on a bullish close amid rising volatility.
• RSI signaled oversold conditions earlier, now moving into neutral territory.
• Volume surged in late hours, suggesting potential short-term accumulation.

Lisk/Bitcoin (LSKBTC) opened at $1.76e-06 on November 6 at 12:00 ET and closed at $1.87e-06 by the same time on November 7. The pair reached a high of $1.95e-06 and fell to a low of $1.75e-06 during the 24-hour period. Total traded volume stood at 128,428.5 units, with turnover at $245.85 (notional, based on price swings).

The structure of the candlestick chart revealed a series of small bullish bodies and increasing bullish momentum in the final hours. A key support level appeared at $1.75e-06, which held firm as the price tested it multiple times without a break. Resistance levels emerged at $1.85e-06 and $1.88e-06, where the price showed signs of hesitation. A Bullish Engulfing pattern formed at $1.84e-06, suggesting a short-term reversal from bearish to bullish sentiment.

Moving Averages (20/50) showed a convergence in the last few hours, with the 20-period line crossing above the 50-period line—hinting at a potential bullish trend continuation. The MACD histogram turned positive, confirming the rising momentum, while RSI moved from 28 to 46, indicating a shift from oversold to neutral territory.

Bollinger Bands reflected an expansion in volatility during the session, with the price staying near the upper band in the final hours. This suggests heightened buying interest. Volume spiked during the 1445–1500 ET window, aligning with the price breakout toward $1.87e-06 and above. However, the lack of sustained volume beyond that level implies caution for further gains.

Fibonacci retracements from the recent swing low at $1.75e-06 to the high at $1.95e-06 showed key levels at 38.2% ($1.83e-06) and 61.8% ($1.86e-06), both of which acted as support/resistance during the session. Price may test the 78.6% retracement level ($1.89e-06) in the near term.

The RSI and MACD indicators both showed bullish divergence during the late hours, supporting the idea that a short-term reversal may be in motion. However, the price action has yet to confirm a strong breakout above $1.88e-06, which is the next key level. Investors may want to monitor volume and price action over the next 24 hours for confirmation of sustained momentum or a potential pullback.

Backtest Hypothesis
The proposed backtesting strategy involves identifying Bullish Engulfing and Morning Star candlestick patterns on the LSKBTC pair and holding the position for three days. Given the recent appearance of a Bullish Engulfing pattern and the rising momentum seen in the MACD and RSI, a 3-day bullish trade from November 7 to 10 could be explored. However, due to the limited volume at the time of the pattern, the signal lacks strong confirmation. A more robust signal would require higher volume and a clear break above the 61.8% Fibonacci level.