• The coin was trading between the levels of $1.800 and $2.200.
• ange bound traders are to buy low and sell high.

LSK/USD Long-term Trend: Ranging

• Resistance levels: $2.2000, $2.4000, $2.6000
• Support levels: $1.6000, $1.4000, $1.2000

The LSK/USD pair is in the sideways trend zone. The coin was trading between the levels of $1.800 and $2.200. The moving averages are labeled as 12-day EMA and the 26-day EMA and are trending horizontally indicating that price is in a range bound move. The crypto ‘s price include small body candlesticks which are fluctuating below and above the EMAs.

The small body candlestick like the Doji and Spinning tops described the indecision between the buyers and sellers at the current market price. On July 16, the bears broke the Lower price range and found support at the $1.0600 price level. The $1.0600 support level is holding as the bulls made an upward move to the range b.oundzone

Range bound traders are to buy low and sell high. A long trade should be initiated at the $1.2000 support level. These should be exited near the upper price range. The stochastic is in the oversold region but above the 24% range which indicates that the price of LSK is in a bullish momentum and a buy signal.

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