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- LISK price is showing a bullish move with a gain of 10.9% in a 24 hour time frame.Meanwhile LSK/BTC is seeing a bullish move with a gain of 9%.
- Technical Indicators of LSK is showing a bullish move.LISK is seeing an increase in futures long in the 4 hr time frame.
LSK price forecast a gain of 12% in upcoming trading sessions. LISK has seen a gain of 380% from the start of this year. LISK Perpetual swaps shorts are decreasing in the exchanges. The ratio between the longs and shorts in the overall exchanges is 0.98.It tells that the people are bullish on LISK. According to the Bybt.com the most swaps orders are placed in binance and bitmex exchange which is 58.4% of the total order.It tells that the investors are bullish on the LISK.
LISK is ranked 103 with the market capitalization of $719,509,337.The volume of LSK($120,399,931) has seen a gain of 39.52%.Volume to market capitalization ratio for the coin is 0.1671,if it crosses above 0.8 then a buying rush can be observed.
Technical Indicators Hints A Bullish Move For LSK Price Forecast
The weekly chart of LISK highlights a bullish momentum. On coming to the daily time frame LSK price is above 50 and 100 Moving Average. The 50 MA (Red) line is at $3.51 making it temporary support for the coin. Resistance of the coin on going upside can be seen at $6 and on the downside bounceback can be seen from $5. A semi-arc zone is being formed in the shorter time frame of a 4-hour chart. If the price goes above $5.8 then a huge buying rush can be seen in the coin. The LSK/USD pair can see a strong bullish move in the upcoming days. The LSK/BTC pair can also see an uptrend in upcoming days.
RSI(Bearish):It is trailing at the level of 70.7,showcasing its presence in the overbought zone.There is a small negative slope formation in the RSI which highlights the possibility of a downtrend.The overall sentiment of the RSI is bearish.
Conclusion
LISK is a great platform for developers with a great team. LISK has seen a ROI of more than 7351% since its inception. The LSK/BTC pair can also break the resistance created in the past and can see a new high. An Investor should do their due diligence before investing.
Technical Levels
Major Resistance:$6
Major Support: $5
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
