What can Consolidated Lisk Price Bring to Investors’ Table?

Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.
  • Lisk is known for its consolidated nature in the cryptomarket
  • However, the coin is currently having an overall gain of 2.87%
  • The LSK/BTC pair is also on a significant positive move with an overall gain of 0.0001066 BTC. 

The CMP of Lisk is at $1.07 with the market capitalization of $134,844,479 and the 24-hour volume traded of $1,999,541. The altcoin faced bearish momentum after testing the resistance level of $1.50. 

Source: coinmarketcap

The price level is currently moving between the range of $1.03 to $1.08. The crypto asset has a nature of slow and steady movements in the price level whether it is positive or negative. There’s no doubt that the coin is currently facing consolidation. However, on the positive side beside strong bearish sentiment in the overall market, the altcoin is successful in sustaining the levels above the crucial mark of $1.00. 

Technical Levels of LSK/BTC

source: binance

The LSK/BTC  reflects on the significant decline faced by the pair which has resulted in the current consolidation phase. Any broad movement of LSK depends upon the price action of BTC heavenly. Therefore, the pair must have to improve the levels for creating a scenario of positive momentum. Both CCI and RSI are showing negative nature with the levels of -116.19 and 11.17 respectively. 

Technical Levels Get Positive for LSK/USD 

source: tradingview

The technical chart reflects on the downtrend faced by lisk which started from the resistance level from $1.50. The price levels tested the support placed at 0.236fib level and got broken in the second attempt. The altcoin faced consolidation and never went above the same level since then. However, due to the current positive move, there has been a revival on the price candlestick of the digital asset. 

CCI levels touched the depth of the oversold region and finally recovered the levels. Currently, it is at -37.88. 

RSI is regaining its positive momentum with the current bullish move. The current level is at 41.28 and requires a positive push above 50. 

MACD has flattened after a bearish crossover and needs improvement in the levels. 

Where LISK Can be Headed? 

The current positive move is not only enough for the coin to provide it the required positive boost. The overall market conditions also need to favor at the same time. However, any positive climb above the price level of $1.15 will provide a strong bullish signal. Until then the crypto asset is expected to be consolidated. 

RESISTANCE LEVEL: $1.15 & $1.50 

SUPPORT LEVEL: $1.05 & $1.00

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