Lisk Price Analysis: LSK Price Can Test The Support Price Of $2.00

Lisk Price To Test The Lower Support
  • Lisk price had remained in a consolidated zone for the past few days travelling in between $3.4 and $2.5.
  • Lisk price is currently trailing at the value of $2.82 with a gain of 2.82% in 24hours time frame and 0.20% loss from the last week
  •  LSK/BTC pair is trading at the value of 0.00006100 BTC, with an intraday gain of 0.13%.
Source:Trading view

After making a 52week high of $4.68 on Feb 20,2021,Lisk price projected a negative momentum and has been on that trend ever since.Over the past few days, Lisk Coin price has remained in the consolidated zone with the hindsight of bearish momentum. LSK price is currently at the level of $2.85 with the resistance at the value of $3.5 and support at the value of $2. It is currently ranked at 105 with a market capitalization of $409,437,574 .The volume of Lisk is $25,284,358, with an increase of 3.48%. LSK/BTC pair is currently on the bearish move and can break the support of 50MA.

Lisk (LSK) Technical Analysis

Source:Trading view

Lisk price has remained in a muddle over the past few days. It has formed an Inverted bearish Doji candle, which indicates the uncertainty in its price. Lisk coin price is trading at $1.25(at the time of writing) with a loss of 2.25%. It is trading above 50 and 100 Exponential moving average. The 50 EMA blue line is at $2.33 making temporary support. If the lisk price breaks the resistance zone then it can reach the level of $8 

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Relative Strength Index(Bearish): It is currently at the level of 52.53 marking its presence in the oversold zone. There is no positive slope formation seen in RSI. which showcases that the Bearish momentum in Lisk is gaining strength.

Moving Average Convergence Divergence (Bearish): It has given a negative crossover in the past trading session. The bars of the histogram are also showing negative momentum. The overall sentiment of MACD is Bearish.

CONCLUSION:

Lisk price is currently moving in a consolidated zone and can test the lower levels in the upcoming days.LSK/BTC pair is showing a high strength bearish momentum and can test the support level of 0.0000502BTC.Investor should do their due diligence before investing.

Technical levels

Major support:$2

Major resistance:$3.5

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Adarsh Singhhttp://www.thecoinrepublic.com
Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.

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