• The short and medium-term outlook is in the uptrend.
• Traders may consider buying at pullback areas.

LSK/USD Medium-term Trend: Bullish

Supply zone: $3.00, $3.50, $4.00
Demand zone: $1.00, $0.90, $0.80

LSKUSD continues in a bullish trend in the medium-term outlook. The market rally that began on 16th July at $1.05 in the demand area is valid with the minor correction that confirms the continuation.

$1.57 in the supply area was yesterday high before the correction that drops the coin to $1.43 as the bears stage a brief returned before the end of yesterday session.

The rally was sustained as the market opened today at $1.51. With increased momentum, the cryptocurrency rose to $1.64 in the supply area with the target at $1.70, a key supply area as the initial target.

Price is above the two EMAs and the signal of the stochastic oscillator points up at 68%, an indication of upward momentum in price in the medium-term as the bulls sustained the momentum up north.

LSK/USD Short-term Trend: Bullish

LSK continues in a bullish trend in the short-term outlook. The retracement to the trendline during yesterday session at $1.43 was the commencement of the rally with the coin up to $1.56 in the supply area before the end of the session.

The cryptocurrency was up at $1.64 shortly after today's’ opening price at $1.50 as the bullish momentum was sustained.

Price is above the trendline and the two EMAs, which suggest strong bullish pressure on the coin.

The upward price movement in the short-term remained valid with the signal of the stochastic oscillator pointing up at 40%.

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