Lisk Price Analysis: LSK Bears Starting To Grasp Hold

Lisk Bears are getting in control of price
  • Lisk Price is currently moving in a consolidated zone with an intraday loss of 0.90%,
  • Technical indicators for LSK showcase an upcoming bearish momentum with low strength and ready for the support of $2.00
Source:Trading view

Lisk price is currently at the value of $3.16 with an intraday loss of.0.9%. LSK price on going upwards will face major resistance at the value of $3.85, and on the downside, it can see a bounce back from $2.5.It has given a golden crossover on FEB 7,2021. After the crossover, Lisk went on the bull run while filling investors’ pockets with a return of 326%. The LSK/BTC pair is currently stagnated with an intraday loss of 2.19% and currently showing no strength for recovery.

Lisk is currently ranked at 106 in the crypto-verse with a market capitalization of $452,903,702. Its 24-hour trading volume of went down by 35.89%

Lisk Price Failing To Reach The Sky

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Lisk weekly chart shows positive momentum on a technical chart. If we come on to the shorter time frame of 4hrs, it has formed a Symmetrical Triangle. LSK price might go down to lower levels if it breaks down on the lower side of the triangle.

The volume indicator on the 4hr chart is at 36.89K, indicating a buying signal with lower strength. It can see a rise in buying if it breaks above the triangle.

RSI (Neutral): It is currently trailing at the value of 50.28, showcasing its presence in the overbought zone. There is no positive slope formed in the RSI. It is showing that LSK price will trail someday more in the consolidated zone before giving any major breakout.

Stock To Flow Ratio: The stock to flow ratio is used for scarce commodities. Lisk supply is limited to 143,356,904. Using the current circulating supply and yearly that Lisk produced, the ratio comes out to be 40.08. It tells that the Lisk has not reached its full potential, and more bull runs can come in the future.

Conclusion

Lisk coin has great potential with a great team. LSK has given great to the investors and can do the same in the future.LSK/BTC pair shows strength for recovery and can see the new highs. An Investor should do their due diligence before investing.

Technical Levels

Major Support:$2.5

Major Resistance:$3.85

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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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