LISK Price Prediction Today: Daily (LSK) Value Forecast – June 11
- The short and medium-term outlook is in the downtrend.
- Responsible selling recommended at key areas
LSK/USD Medium-term Trend: Bearish
Supply zone: $3.00, $3.50, $4.00
Demand zone: $2.00, $1.50, $1.00
LSKUSD continues in a downtrend in the medium-term outlook. The bulls manage to push the cryptocurrency up around the trend line at $2.16 on 8th June. This remained a market correction to the bearish impulsive move of 30th May and also a confirmation of the downtrend continuation.
Hence the bounce from the trendline as the bears resume the journey down south. Price fell to $1.84 in the demand area.
Price is around the trend line again due to another the corrective move by the bulls that got price up to $2.09 around the trendline as the market opens today.
A bounce to the downside is most probable as the bears return to drop the cryptocurrency price to a new low in the demand area with $1.80 as the target.
LSK/USD Short-term Trend: Bearish
LSK is in a bearish trend in the short-term outlook. The bullish momentum was lost shortly after today’s opening at $2.09 in the support area. There was a sign of exhaustion as bearish inverted hammer emerges shortly after opening.
The stochastic oscillator signal points down at 49% while price is going up which create a divergence. The implication is price movement to the downside because sellers are more in the market and a drop in price is imminent.
$1.85 is the initial target as the bear pressure resumes.
Live Lisk (LISK) Price:
1 LSK/USD =$3.2165 change ~ 0.43%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.