Coin of the day is Lisk.
Lisk appeared in early 2016 year as a fork of Crypti (Crypti team broke up later).
Lisk is considered as one of the alternative technologies to Ethereum. Roughly speaking it is a platform for the development of blockchain applications.
They have own philosophy on blockchain applications, so it's not just clone of the Ethereum technology, Lisk could be a kind of alternative in the future. Obviously, not by capitalization, not by popularity, they can not be compared. Nonetheless, Lisk has all chances to get its fair share in future of crypto-tech companies.
From the technical view
The coin was trading in a downtrend during the BTC recession. Recently LSKBTC pair reached the 61.8% Fibonacci retracement of the global uptrend and started to draw a rebound pattern, accompanied by a jump in volumes.
The coin climbed above the psychological support level 0.0015 and now is drawing an uptrend pattern. If the price will manage to hold above the 0.0015 and afterward reach 100-days EMA that would be a sign of the beginning of the bullish cycle.
Lisk appeared in early 2016 year as a fork of Crypti (Crypti team broke up later).
Lisk is considered as one of the alternative technologies to Ethereum. Roughly speaking it is a platform for the development of blockchain applications.
They have own philosophy on blockchain applications, so it's not just clone of the Ethereum technology, Lisk could be a kind of alternative in the future. Obviously, not by capitalization, not by popularity, they can not be compared. Nonetheless, Lisk has all chances to get its fair share in future of crypto-tech companies.
From the technical view
The coin was trading in a downtrend during the BTC recession. Recently LSKBTC pair reached the 61.8% Fibonacci retracement of the global uptrend and started to draw a rebound pattern, accompanied by a jump in volumes.
The coin climbed above the psychological support level 0.0015 and now is drawing an uptrend pattern. If the price will manage to hold above the 0.0015 and afterward reach 100-days EMA that would be a sign of the beginning of the bullish cycle.