• The short and medium-term outlook is in the downtrend.
• Traders may consider selling at key areas with bearish reversal candlesticks.

LSK/USD Medium-term Trend: Bearish

Supply zone: $3.00, $3.50, $4.00
Demand zone: $2.00, $1.50, $1.00

LSKUSD is in a bearish trend in the medium-term outlook. The break at the lower demand area of the range at $1.95 by the bears and twice retested set the coin on a downward journey. Price dropped to $1.67 as the low before the end of yesterday session.

The market opens today at $1.78 on a bearish note as price was down to $1.62 in the demand area before exhaustion sets in which was denoted by the bearish spinning top an indication of a possible reversal.

A brief bullish momentum may push price up but the bears' pressure remained strong and may resume after exhaustion of the bullish momentum within the two EMAs.

LSK/USD Short-term Trend: Bearish

LSK continues in a bearish trend in the short-term outlook. The first day of the month began on a bearish note with price at $1.80.The bears sustained the movement down south with the coin dropped to $1.67 in the demand area before the close of the day.

Today market opens with the bears in control at $1.76. the coin fell to $1.62 in the demand area before the bears lost momentum.

The bears may return at the trendline due to a bounce expectedly to occur as the bullish momentum may be lost. $1.50 in the demand area is the bears' target in the short-term.

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