- Lisk Price is currently trading inside a consolidation zone with an intraday gain of 1.38% in today’s trading session.
- Technical indicators suggest an upside momentum for LSK coin price . Meanwhile, the LSK/BTC pair is currently trading with a gain of 2.62%
LSK coin price is currently trading near the value of $2.4 with an intraday loss of 4%. The asset has an ROI of more than 2900%, which can act as fuel for the price to skyrocket. Lisk token price while going upside can face resistance near $4.0, and on the downside, the support region can be found near $1.0.. Lisk has seen a jump of more than 120% within a span of five months. The jump in the price was from a low of $1.5 to a high of $10. The LSK/BTC pair is currently observing a weak bullish momentum but can soon see a major breakout.
Lisk token has a market capitalization of $338,606,609 and is ranked 121 in the CMC.The volume of the coin has also seen a decrease from past few weeks. The volume to market cap ratio for the coin is around 0.0812 suggesting a consolidated momentum. One can buy the when the ratio shows a significant increase.
Technical Indicator Hints At A Consolidated Move For LSK Coin Price
The weekly technical chart of the LSK coin highlights a bullish momentum for the upcoming weeks. On the daily chart the asset price is seeing a stop from the bull run. It highlights that the price may see a downtrend upto $1.5. The price follows a lower low’s trendline and can retest the lower levels in the near future. Lisk coin price is trading below 50 and 100 Days Moving Average. The 100MA (RED) line is near the value of $3.57, making it a temporary hostile region for the price. LSK/BTC pair can also observe new highs in the upcoming weeks.
The volume indicator of the daily chart represents a selling momentum with a volume of 2.02M. If the price increases above $4 then a strong buying volume can be seen.
Conclusion
LSK coin price is currently in a slump but can see new highs in future. The LSK/BTC pair can also show positive momentum and can see a strong uptrend.
Technical Levels
Major Support:$3.0
Major Resistance:$4.0