- From the price action, the moving averages are trending horizontally characterized by small body candlesticks like Doji and spinning tops.
- On April 5, the LSK market reached a high of $2.200 overhead resistance level.
LSK/USD Long-term Trend: Ranging
- Resistance levels: $2.2000, $2.4000, $2.6000
- Support levels: $1.8000, $1.6000, $1.4000
The price of LSK is in the sideways trend zone. The crypto is trading between the levels of $1.600 and $2.200. The 12-day EMA and the 26-day EMA are sloping horizontally. The crypto’s price fluctuates below and above moving averages making it impossible to determine the support and resistance of the coin. On April 5, the LSK market reached a high of $2.200 overhead resistance level.
The $2.200 overhead resistance forms the upper price range. Meanwhile, the $1.600 support level was the previous resistance of December 20. From the price action, the moving averages are trending horizontally characterized by small body candlesticks like Doji and spinning tops. These candlesticks described the indecision of buyers and sellers at the current market.
The candlesticks are in choppy price action. The resistance and support levels are not evenly apart. More buyers than sellers bare needed at the upper price level. The stochastic is in the oversold region but above the 40% range which indicates that the price of Lisk is in a bullish momentum and a buy signal.
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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