LISK Price Prediction Today: Daily (LSK) Value Forecast – June 4
- The bears are in control of the short and medium-term outlook.
- Responsible selling at pullback areas may be considered.
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 downtrend in the medium-term outlook. The bears' pressure on the cryptocurrency on 2nd June at the 78.6 fibs area dropped price to $1.88 in the demand area on 4th June before the brief momentum loss which returned the bulls.
Price rose to $2.08 in the supply area which was the 50.0 fib area and the candle closed as a bearish spinning top an indication that the bears are back. Expectedly this was a trend reversal area and it confirms the bearish continuation.
A break at the previous low of $1.83 in the demand area is probable and subsequent continuation to the downside in the medium-term.
LSK/USD Short-term Trend: Bearish
The rejection of upward price moment at $2.05 in the key support area was a sign that the bears are gradually returning. With a large bearish candle at $2.03 confirmation of the bears' dominance of the market was established.
LSKUSD dropped initially to $1.91 in the demand area.
With a target at $1.85 in the demand area, the bears are determined to sustain the pressure to the downside.
The stochastic oscillator signal points down at 10% in the oversold region a further confirmation to the downward journey.
Live Lisk (LISK) Price:
1 LSK/USD =$6.9866 change ~ -0.41%
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