In this Lisk technical analysis, we will examine the current price action, trading volume, key levels and indicators for LSK-USDT. Lisk (LSK) is a blockchain-based cryptocurrency that utilizes a delegated proof-of-stake (DPoS) consensus algorithm. This allows for faster transaction processing times and greater security compared to traditional proof-of-work (PoW) algorithms. Lisk also features an innovative sidechain system, enabling the creation of custom blockchains with unique features and applications.
Lisk Price Overview:
As of October 02, 2023, Lisk is trading at approximately 0.754 USDT. Let’s dive into the detailed price action for LSK-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.771 |
| High (H) | 0.789 |
| Low (L) | 0.747 |
| Close (C) | 0.754 |
| Volume (C) | 302,964.70 |
- Open (O): The opening price for today’s trading session was approximately 0.771 USDT.
- High (H): Lisk reached a daily high of around 0.789 USDT.
- Low (L): The daily low for LSK-USDT was approximately 0.747 USDT.
- Close (C): At the time of analysis, Lisk is trading near its daily close of 0.754 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.08% |
| 3D Change (%) | 0.53% |
| 7D Change (%) | 3.15% |
| 30D Change (%) | 6.05% |
| 90D Change (%) | -9.16% |
| YTD Change (%) | 5.16% |
Over the past three days, LSKUSDT has risen by approximately 0.53%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 3.15%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LSKUSDT maintaining an upward trend of approximately 6.05%, despite intermittent fluctuations. Examining the last 90 days, LSKUSDT has witnessed substantial decline of approximately -9.16%, reflecting strong long-term confidence. Year-to-date, LSKUSDT has steadily appreciated by around 5.16%, 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 0.32599.
- Momentum score is 0.06048.
LSK USDT Technical Analysis
Lisk Trading Volume:
The trading volume for Lisk (LSK) over the past 24 hours has been insignificant, with approximately 302,964.70 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Lisk is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for LSK-USDT is currently in the neutral zone, around 50.37638. This suggests that Lisk is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Lisk (LSK-USDT) is currently exhibiting signs of short-term bullish 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
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.
