• The coin is trading between the levels of $1.600 and $2.200.
• Also, more buyers should be introduced at upper price levels to come out of the current range-bound move.

LSK/USD Long-term Trend: Ranging

• Resistance levels: $2.2000, $2.4000, $2.6000
• Support levels: $1.8000, $1.6000, $1.4000

The LSK/USD pair is in the sideways trend zone. The coin is trading between the levels of $1.600 and $2.200. These price levels are yet to be broken. Also, more buyers should be introduced at the upper price levels to come out of the current range bound move. The 12-day EMA and the 26-day EMA are sloping horizontally. The crypto’s price fluctuates below and above the EMAs. The crypto has a choppy price action. That is resistance and the support levels of the coin are not evenly apart . Trader may not be able to identify these levels to trade them.

The price action is also characterized by small body candlesticks like Doji and spinning tops. These candlesticks described the indecision of buyers and sellers at the current market price. The resistance and support levels are not evenly apart. 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.