• The coin is trading between the levels of $1.800 and $2.200.
• The $1.200 support level is likely to hold.

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 is trading between the levels of $1.800 and $2.200. The moving averages are labeled as 12-day EMA and 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 June 30, the bears broke the Lower price range and found support at the $1.2000 price level. The $1.200 support level is likely to hold. 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 20% range which indicates that the price of Lisk is in a bullish momentum and a buy signal.

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