Lisk Price Prediction: Long-term (LSK) Value Forecast – June 8
- The $2.200 overhead resistance forms the upper price range,
- More buyers than sellers are needed at the upper price level.
LSK/BTC Long-term Trend: Bearish
- 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 price of LSK is trading between the levels of $1.600 and $2.200. The 12-day EMA and the 26-day EMA are sloping horizontally. After a range bound move in the month of February and March; the LSK price was making a series of higher highs and higher lows in the month of April. On April 5, the LSK market reached a high of $2.200 overhead resistance level.
The $2.200 overhead resistance forms the upper price range. Meanwhile, the $1.600 support level was the previous resistance of December 20. From the price action, the moving averages are trending horizontally characterized small body candlesticks like Doji and spinning tops.These candlesticks described the indecision of buyers and sellers at the current market.
The candlesticks are in choppy price action. The resistance and support levels are not evenly apart. More buyers than sellers are needed at the upper 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.
Live Lisk (LISK) Price:
1 LSK/USD =$2.0417 change ~ 5.44%
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