• The LSKBTC pair has reached the oversold region of the daily stochastic which implies that the bulls are likely to take control of the market.
• The crypto's price is ranging below the 12-day EMA as the bulls make attempt to break above the EMAs.

LSK/BTC Long-term Trend: Bearish

• Resistance levels: $1.6000, $1.8000, $2.0000
• Support levels: $1.4000, $1.2000, $1.0000

The LSK/USD pair is in the bearish trend zone. The 12-day EMA and the 26-day EMA were trending southward indicating that the crypto's price was in a downtrend. The crypto's price fell because of the bulls inability to break the $0.0004500 overhead resistance.

On April 4, the bulls tested the $0.0004500 overhead resistance and the market was in a serious downtrend. The price of Lisk fell to a low at $0.002320 price level. The support level at $0.002320 was holding as the bulls made an upward move to the bullish trend zone but were resisted at the 26-day EMA. The crypto's price is ranging below the 12-day EMA as the bulls make attempt to break above the EMAs.

On the upside, if the bulls break above the EMAs, the crypto's price will rise and reach the high of $0.00030 price level but may face resistance at the $0.000350 price level. 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.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.