After rejecting the 46k support, LSK/BTC broke above the downtrend , then rejected 52k support and today broke above the 200 Moving Average. So far price action shows signs of a strong momentum and most likely Bitcoin will be outperformed by Lisk in the coming weeks.
There are multiple targets to watch, but the first strong resistance is based on 627.2% applied to the corrective wave down after the downtrend breakout. This is btc 0.0015 level, where LSK/BTC already established high on the 16th of November. The next strong resistance is btc 0.02 psychological round number which is at 927.2% Fibs and could go a little higher. On a downside note, only a break and close below the 46k satoshi support could invalidate outlook.
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