Lisk Price Analysis: LSK Price Finds Positive Bounce Back From $3.00

Lisk Price Sees A bounce back
  • Lisk Price is currently seeing a consolidated move with an intraday loss of 1.25% in today’s trading session.
  • Technical indicators for Lisk are suggesting no big move. Meanwhile, the LSK/BTC pair is currently trading in a bearish mode.
Source:Trading view

Lisk price is currently trading  at the value of $3.22 with an intraday gain of 0.25%. LSK price ongoing upside will face resistance at the value of $4, and on the downside, it will see a bounce back from $2.5. It has also made an intraday high of $3.28. Lisk price has seen a gain of more than 120% from the start of the year. The price jumped from $1.26 to $3.5 within a fewer months span. The LSK/BTC pair is seeing a bearish move, but the pump of other Altcoins suggests that there could be a big move for this pair. 

Lisk is currently ranked at 114, with a market capitalization of $410,375,182 .The coin volume also went down up 30.56% and is currently at the value of $21,884,503.The volume and market cap ratio for the coin is 0.04799.If the ratio goes above 0.08 than a positive move can be observed

LSK PRICE TECHNICAL INDICATOR SHOWS A CONSOLIDATED TRAP

Source:Trading view
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Lisk technical chart shows a consolidated move on the weekly chart. The coin’s daily chart highlights that bullish momentum is at halt for some more days for the price. LSK price is trading above 50 and 200 Days Moving Average. The 50MA (GREEN) line is at the value of $2.52, making it a temporary support. On coming to the shorter time frame of 4-hour, the coin has formed an accumulation zone and is currently trailing inside. If the coin crosses below the zone, a positive retracement would be difficult for the Lisk.

The volume indicator on the 4-hour chart shows a selling momentum with a value at 35K. If the price goes above the zone, an increase in buying volume could be seen.

RSI(Neutral): It is currently trailing at the value of 52.34, showcasing its presence in the overbought zone. A very small positive slope is formed in the RSI, which showcases that the price is currently not showing any momentum.One can trade when there is a significant slope in a lower time frame. The overall sentiment of the RSI is neutral.

CONCLUSION

 Lisk coin has great potential and can see a positive jump in the upcoming days price. The LSK/BTC pair is stagnant but can see a rebound to higher levels. An investor should do their own due diligence before investing.

TECHNICAL LEVELS

Major Support:$2.5

Major Resistance:$4.0

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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.

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