The price of LSK stays within a positive trend channel, going back to march 2017! Due to its volatility the channel is quite large, but stable. Even the correction (dec 2017 - feb 2018) didn´t cause a break of this trend.
You can see the comparison to BTC (red line), which shows more weakness than LSK.
If you´d had invested in LSK on its ATH you would have had a maximum loss of -70% but now it would only be -37% (BTC: -83% max, -79% actual from ATH).
LSK is a good coin for a core portfolio and I think has shown strength during the crisis.
buy: above 27,70$ (> fib retracement at 61.8%) - aiming to fib retracement 78.6% (33.70$)
stop: below 22.40$ (swing trend line)
Indicators:
RSI: above 50 but falling = neutral
MACD: positive spread and above zero = positive
EMA20: Price is above - not far away = positive
Volume: very low = not indicating any new trend
Conclusion:
LSK isn´t showing a significant trend (neither positive nor negative) but is in good condition.
On feb 20 it will have a relaunch of the alpha-version of the Lisk-SDK for blockchain application.
LSK is not based on the Bitcoin-Blockchain, or the Ethereum-Blockchain. The script is Java.
I see good chances for this token in the future.
You can see the comparison to BTC (red line), which shows more weakness than LSK.
If you´d had invested in LSK on its ATH you would have had a maximum loss of -70% but now it would only be -37% (BTC: -83% max, -79% actual from ATH).
LSK is a good coin for a core portfolio and I think has shown strength during the crisis.
buy: above 27,70$ (> fib retracement at 61.8%) - aiming to fib retracement 78.6% (33.70$)
stop: below 22.40$ (swing trend line)
Indicators:
RSI: above 50 but falling = neutral
MACD: positive spread and above zero = positive
EMA20: Price is above - not far away = positive
Volume: very low = not indicating any new trend
Conclusion:
LSK isn´t showing a significant trend (neither positive nor negative) but is in good condition.
On feb 20 it will have a relaunch of the alpha-version of the Lisk-SDK for blockchain application.
LSK is not based on the Bitcoin-Blockchain, or the Ethereum-Blockchain. The script is Java.
I see good chances for this token in the future.