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- 1 Lisk is currently trading at $0.816566 with a nominal drop of -0.62% in the past 24 hours.
- 2 The LSK crypto is heading towards 200-DAY MA.
- 3 The Lisk coin has declined by -0.43% in the last 7 days.
Lisk is going through a battle between bulls and bears. Its price has already broken the 50 MA, and is heading towards the 200-day MA. However, investors have already lost a huge 98% of their invested assets, leading to the hope of the investors to break down now.
By analyzing the price data of the coin, it is observed it is in a tremendous downtrend in the long run. The price has declined by -0.43% in the last seven days and we can say Lisk’s performance was poor last week.
LSK declined by -97.65% from its peak price of $34.92 in the span of 5 years. The current market sentiments are not sounding good about the LSK coin. It seems there is no buyer interested in buying the Lisk lately. Bears are overpowering the market.
Lisk Technical Analysis
The price of LSK crypto has breached the 50-Day MA and is moving towards the 200-DAY MA, but we cannot suggest the trend right now because the price is between 50 and 200 Days MA. However, if the bulls continue pushing the price up, the coin’s value may increase even further in the forthcoming week but the bears are not in the mood to shift power to bulls right now.
The current value of RSI is 54.67 points. The 14 SMA line is currently close to the median line, around 53.89 points which indicate neutral sentiment in the market. As the price is heading toward the overbought territory, the market is confronting bullish sentiment currently.
The MACD indicator is also heading to a positive area pointing toward the incline of price. The MACD line at -0.009274 and signal line at -0.002017 is beneath the zero line.
Volume Analysis
Lisk’s average trading volume for the last 24 hours is $1568740. It is showing a -68.20% decrease in volume in a day. The lack of buying interest in crypto is the primary reason behind its decreasing volume.
Summary
Lisk is trying to bounce back from current support. It seems that if the price breaks the 200-Day support level, it may lead to the beginning of a bullish trend in the forthcoming days. However, LSK’s price shows an optimistic situation at the moment. Meanwhile, major reliable indicators like EMA, RSI, and MACD show bullish signs about the coin. Due to the adverse performance of the coin, investors are frightened to invest in it.
Technical Levels:
- Support Level – The current support levels are $0.671 and $0.536.
- Resistance Level –The current resistance levels are $0.937 and $1.067.
Disclaimer
The research given in this article is for informative and educational use only. Do not take this information as a financial or trading recommendation. Trading and investing have financial risks. Before creating any investment or trading decision, please consider your risk profile and circumstances.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
