Lisk Price Analysis: LSK Price May Test The Level Of $5 In The Future

Lisk price ready for the new high of $5
  • Lisk Price is currently traveling in a consolidation zone with an intraday gain of 1.38% in today’s trading session.
  • Lisk technical indicators suggest the beginning of a bearish movement in the price. Meanwhile, the LSK/BTC pair is currently trading with a gain of 2.62%
Source: TradingView

Lisk price is currently trading  at the value of $3.80 with an intraday gain of 1.39%. LSK price ongoing upside will face resistance  $4.0, and on the downside, it will see a bounceback from $3.0. It has also made an intraday high of $3.99. 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 three months. The LSK/BTC pair also sees a positive move and can see a major breakout in the upcoming trading session.

The recent update of Lisk about building the NFT on their SDK has captured various NFT enthusiasts’ interest. The official announcement of Lisk.js has also pushed the price significantly.

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Lisk is currently ranked at 111, with a market capitalization of $542,006,609.The coin volume also went down upto 52.07% and is currently at the value of $47,434,222.

Technical Indicator Shows A Consolidated  Move For LSK Price

Source: LSK/USD On TradingView

Lisk’s technical chart showcases a consolidated move on the weekly and daily chart. The coin’s daily chart highlights that the price can see a bearish move in the upcoming days. LSK price follows a lower low’s trendline and can test the lower levels in the future. It is trading above 50 and 100 Days Moving Average. The 50MA (RED) line is at the value of $2.84, making it a temporary support in the asset.

 Coming to the shorter time frame of 4-hour, the coin has formed a Doji Candle and is currently looking for the reversal in the momentum. If the coin crosses below the level of $3.0, it would be difficult to retrace back.

 The volume indicator on the 4-hour chart represents a buying momentum of 25.7K. If the price goes above $4.0, an increase in buying volume could be seen.

RSI(Neutral): It is currently trailing at the value of 58.64, showcasing its presence in the neutral  zone. A small negative slope is formed in the RSI, showing that the price can see a bearish momentum. The overall sentiment of the RSI is bullish.

Conclusion

 Lisk coin has great potential and can see a positive spike in the Price. The LSK/BTC pair also shows positive momentum and can see a big bullish rally. Investors should do their own due diligence before investing.

Technical Levels

Major Support:$3.0

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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