Looks like we hit a good bottom @ 55K LSK this morning. 60K was a great buy area imo
. I believe LSK can overcome overhead resistance today and try for a breakout by the end of the weekend. Watch for volume
dropping from Bitcoin
(currently 275k BTC
) and increasing LSK buy pressure at Poloniex to confirm breakout strategy. Current LSK trading volume
on Coinmarketcap is ~14,500 BTC
, waiting for 20K BTC volume
to enter LSK market.