LSK USDT Lisk Technical Analysis

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By Frans van Elst

Lisk logo In this Lisk technical analysis, we will examine the current price action, trading volume, key levels and indicators for LSK-USDT. Lisk is a decentralized blockchain platform that enables developers to build and deploy their own blockchain applications. With its modular architecture, Lisk allows for customizable and scalable blockchain solutions, making it an attractive option for businesses looking to integrate blockchain technology into their operations. Additionally, Lisk’s unique sidechain functionality allows for faster and more secure transactions, setting it apart from other cryptocurrencies in the market.

Lisk Price Overview:

As of April 17, 2024, Lisk is trading at approximately 1.415 USDT. Let’s dive into the detailed price action for LSK-USDT:

Explore Lisk’s (LSKUSDT) potential setbacks at 1.42 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 1.429
High (H) 1.451
Low (L) 1.38
Close (C) 1.415
Volume (C) 1,128,907.50
  • Open (O): The opening price for today’s trading session was approximately 1.429 USDT.
  • High (H): Lisk reached a daily high of around 1.451 USDT.
  • Low (L): The daily low for LSK-USDT was approximately 1.38 USDT.
  • Close (C): At the time of analysis, Lisk is trading near its daily close of 1.415 USDT.
Metric Value
1D Change (%) -0.91%
3D Change (%) -3.81%
7D Change (%) -24.41%
30D Change (%) -24.05%
90D Change (%) 34.38%
YTD Change (%) 8.93%

Over the past three days, LSKUSDT has declined by approximately -3.81%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -24.41%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LSKUSDT maintaining a downward trend of approximately -24.05%, despite intermittent fluctuations. Examining the last 90 days, LSKUSDT has witnessed substantial increase of approximately 34.38%, reflecting strong long-term confidence. Year-to-date, LSKUSDT has steadily increased by around 8.93%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Lisk Live Chart:

You can access a live price chart for LSK-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.92762.
  • Momentum score is -0.28751.

LSK USDT Technical Analysis

Lisk Trading Volume:

The trading volume for Lisk (LSK) over the past 24 hours has been insignificant, with approximately 1,128,907.50 USDT traded against LSK. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): LSK is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Lisk is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for LSK-USDT is currently in the low zone, around 43.73548. This suggests that Lisk is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Lisk (LSK-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Explore Lisk’s (LSKUSDT) potential setbacks at 1.42 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Take your understanding to the next level with our extensive analysis of LSK BTC Lisk Technical Analysis; if you enjoyed this post, you’re in for a treat!

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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