Lisk Price Analysis: LSK Crypto Price Downtrend Continues Further

• Lisk coin price downside momentum may come to a halt as we move further. Meanwhile, the asset has seen an upside of more than 2% in the daily chart.
• Technical indicators of LSK price hints towards a downside trend in upcoming days. Meanwhile, the LSK/BTC pair has also moved up by more than 0.66%.

LSK crypto price downside trend has been seeing a little halt and can soon hit a new low in the future. Lisk’s cost price has been trailing close to the worth of $2.325 and has seen an upside of more than 2.5%. Lisk upside may see a conversion potential threat near $3. Conversely, the bounceback locale of the coin can be found at around $1.5. Lisk has seen an ROI of 5488% which has benefitted different financial backers. The resource is presently seeing a combination of upside and downside yet can before long recuperate to another high. LSK may see a long upside trend in the future. One can put resources into LSK according to their needs and risk capacity.

Lisk CMC’s rank alongside the market cap has been on a downside move due to the fall in the market. The asset value market strength is additionally seeing decay and can before long see a new high. The volume to market cap proportion of the token hints towards a solid potential gain upside for the future.

LSK Crypto Price Bulls Are Getting A Cold Feet

The weekly technical chart of Lisk suggests a downside trend and can hit a new low in the future. LSK daily chart is hinting towards consolidation in price. The asset has formed a strong supply zone and can soon see a breakout. It is currently trading below  50 and  100 Daily Moving Average, with a bearish crossover. The 100MA  line is at $3.3, making it a temporary threat region for the upside gain in the asset. If the LSK price observes a new jump of  15% above the current level then a strong momentum can be seen in the future.

Conclusion

 LSK coin price is currently seeing consolidation and can soon see a new high in the future.  LSK/BTC pair can also move to strong upside momentum in the future. Investors should do their own due diligence before investing in the Lisk

Technical Levels

Major Support:$1.5

Major Resistance:$3.2

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