- The trading Volume of LSK Coin in the last 24hr at the time of writing this article is -57%
- The price of LSK/BTC and LSK/ETH at the time of writing this article is 0.00005766 BTC and 0.0009162 ETH, respectively
- The price break the 100MA resistance
LONG TERM VIEW:-
In the daily time interval, we can see the price is above the 100MA resistance, and the 50MA has crossed the 100MA in a downward direction. Let’s look at the technical analysis if the price can sustain above the 100MA resistance or not. As we can see, the MACD shows green histograms and is above the signal line, which indicates that there is no sign that the line will cross each other in the upcoming days.
In addition, we can see the RSI is also in the neutral zone near 57, and the RSI line is pointing towards the overbought zone of 70 means the bulls are winning the fight against the bears. Lastly, we can see the Moving average as the 20MA is heading towards the 100MA and the 50MA has crossed the 100MA in a bearish direction, and the 100MA was acting as a resistance which is now broken.
SHORT TERM VIEW:-
In the 4hr time interval, we can see the MACD shows green histograms as the MACD line is above the signal line, and both the lines are parallel. In addition to that, we can see the RSI is in the neutral zone near 62 and is pointing towards the overbought zone of 70, meaning the bulls are winning the fight against the bears. Lastly, we can see the Moving average as the 20MA has already crossed the 50MA and both 20MA and 50MA is above the 100MA, which is a substantial bullish sign.
CONCLUSION:-
Looking at both long term and short term, we can see the bullish trend in the 4hr time interval. We can see the Technical indicator showing an all green sign, which means it is a buy sign, but the price will be tested when reaching the resistance, and then the bears can take the price and drive it down, but it all depends on the volume of the Bulls and bears.
RESISTANCE:-$3.65,$3.85
SUPPORT:- $3.34,$3.22