• The short-term is in a downtrend while the medium-term outlook is in a range-bound market.
• Responsible selling at pullback areas may be considered.

LSK/USD Medium-term Trend: Ranging

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

LSKUSD is in a range-bound market in the medium-term outlook. $2.19 was yesterday high while $2.05 was the low as the coin continues in consolidation. The bears had a brief control as the market open today at $2.09 as the coin drops to $1.98 within the range.

Price was back up at $2.09 as the bulls took control of the market after the bear exhaustion with a possible breakout at the resistance around the EMAs.

LSKUSD is in consolidation and trading between $2.20 in the upper supply area and at $1.95 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.

LSK/USD Short-term Trend: Bearish

LSK is in a bearish trend in the short-term outlook. The bears' comeback toward the close of yesterday session at $2.19 in the supply area. Price fell to $2.07 before the close of the market with the break at two EMAs.

The bears maintained the momentum as the market opens today at $1.99 with a further push of price to $1.9 before exhaustion sets in.

The minor flag by the bulls was a market correction and to confirm the bearish continuation. As the bulls push price toward the resistance at the EMAs. $1.90 is the initial target as the bear pressure resumes.

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