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 =$3.2976 change ~ 16.88%

Coin Market Cap

$419.44 Million

24 Hour Volume

$74.19 Million

24 Hour VWAP

$4

24 Hour Change

$0.56

 

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

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