CryptoHoopla: Lisk Report (LSK)
Exchange Coverage: Excellent
Management team: Excellent
Hype Factor: Good
Market Cap at time of writing: $3,482,571,103 USD | 318,508 BTC
Price at time of writing: $29.45 USD | 0.00269382 BTC
Outlook: $45.00+ March/April 2018
Overall Sentiment: Bullish
Lisk at a glance:
Lisk Google Search Trend (12 month):
Technical Analysis Commentary:
Alongside the rest of the crypto-market, Lisk has seen significant price volatility over the past few months due to the decline in BTC prices. However, looking at the sat’s chart we can see a very strong and healthy upward trend which has held it’s own since December, and this is what’s important to us when looking at the technicals – are people unloading lisk, or buying it? And the chart is telling us it’s the latter.
The upward trend has been following the classic rise, retract/consolidate for a week or two, then rise again pattern. The sell off we’re currently seeing doesn’t concern us unless the support line is broken by two consecutive bear candles, at which point we’d be looking for support at around 0.002.
RSI has been shying away from over-bought territory and MACD is having a bearish convergence as to be expected from the recent price retractions. We see the current pull back as a good buying opportunity, and based on the previous swings we’ve seen in Lisk we think that as long as support holds, the next up swing could see a 50% increase in sats value.
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Disclaimer: CryptoHoopla is not an investment or advisory service. The information in this blog post is for general information only and should not be taken as constituting professional advice from the website owner. We accept no responsibility for any decisions made based on this blog post.