At the time of writing, LSK is being traded at the rate of $2.37 with a decrease of almost 10.16% within the last 24 hours.
The low within this tenure was around $2.36 and the high was approximately $2.67. The coin as being in the watchlist of many traders makes it rank all the way up to number 178th according to the latest data released by coin market cap.
LSK made its all-time high in the month of May 2021 where it reached an enormous amount of $11.50. At the moment it has a daily volume of $6,958,645 with a decrease of about 78% within the last 24 hours. The circulating supply of LSK is now around 122M and the maximum supply is 144M. LSK has a dominance of 0.01%.
The top exchanges for trading LSK are currently Binance, OKEx, KuCoin.
Technical Analysis – LISK (LSK)
LISK (LSK) had been printing higher highs in the price for a long time. The price was dropping down and eventually shifted the structure. During this movement, the price created an order block that remained unmitigated for a long time. The price eventually broke down and mitigated the order block. The price is now doing a downward correction while following a trend line.
Now we can look for a price to break out of this zone. From here we can look for a possible retest of the price. If the price retests the level and becomes stable, we can look for a possible higher high and a shift in the structure.
If the price becomes stable, we can look for the price to touch the level of $3.2. From there a possible reaction can be expected of the price. From there a drop can occur in the price. That could be a nice point for a short.
Price Prediction – LISK (LSK)
LISK had achieved a huge value of $11 before the crash but unfortunately, it hasn’t been able to recover from the damage. In the long run, traders are highly bullish on the project. The price is currently at the same level where it was in May and has completely retraced back. According to the wallet investor, LSK is a good investment. The price of LSK is to reach a value of $4.511 in a year. In five years, the price expected to reach around $12.543
