Lisk Price Analysis

LSK Retracing After Positive Breakout from the symmetrical triangle pattern
  • LSK is trading in an uptrend, while price taking the support of 20-DMA and  ready for the targets of $1.96 and $2.30 respectively
  • The pair of LSK/BTC is trading near its 52-week low, currently standing at 0.00004080 BTC with an intraday gain of +3.73%
Source:tradingview

Lisk (LSK) heading to retest its support, after the positive breakout from the symmetrical triangle pattern which is now acting as a new support level. Currently, LSK is trading on the bullish note while taking the support of 20-Day Moving Averages (DMA) at the same time it holds 50,100 and 200-DMA which indicates its bullish momentum for upcoming trading sessions. The levels which can be expected in the upcoming trading session are $1.96 and $2.30. LSK is placed at the 115th rank with respect to the total market capitalization, which increased over +5.91% in the last 24-hour standing at $208,883,663. The volume recorded intraday is $18,632,316 with a drop of -11.17%. 

Source:tradingview

LISK (LSK) over the weekly time frame is trading under the symmetrical triangle pattern and a breakout is observed from the pattern. Meanwhile, the EMA of 20-day is heading closer to 50-day and is about to give a positive crossover in the upcoming trading session which generates a bullish momentum. Currently, LSK is trading at a day high of $1.63 with an intraday gain of 7.38%. 

- Advertisement -

Relative Strength Index (Bullish) indicates a bullish momentum while trading at 62.47. However, it is currently heading towards an overbought zone after recovering from lower levels with no sign of weakness.   

Moving Average Convergence Divergence (Bullish) currently indicates a bullish trend on the daily chart as giving a positive crossover with the significance of Buyer’s line (green) over seller’s signal line (red) with no sign of weakness.    

Support levels: $1.46 and $1.37

Resistance levels: $1.90 and $2.05

Join The Coin Republic’s Telegram Channel for more information related to CRYPTOCURRENCY NEWS and predication.

How useful was this post?

Click on a thumb to rate it!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Download our App for getting faster updates at your fingertips.

Krystian Bielanskihttp://www.thecoinrepublic.com
Krystian is a crypto trader and investor with a background in IT based in Hong Kong. He specialises in technical and fundamental analysis working closely with chartist and algo programmers.

Similar Articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

We Recommend

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners