- The LSK coin price breaks above the EMA-55 during intraday.
- The 24-hour trading volume is at $33 million.
- LSK/BTC pair is trading positive by 12.3% at 0.00005994 BTC.
On the daily price chart of LSK coin, Moving Average Exponential (EMA), consisting of 8,13,21,55-EMA, Acts as reliable support in the coin price movement. Investors may observe the price breaks above the yellow line, so until the price resides above all the EMA’s, it will assure an uptrend in Lisk.
Trading volume (1.666 M) is close to the 20-day moving average (1.184 M). The volume is high, so the cost is increasing. Investors may also notice that the volume bar on the chart increases. This indicates that unusual volatility is common on the following trading days.
LSK Coin Price Action Rebounds From The Demand Zone
LSK coin daily price charts show a positive trend. Based on the price action, the supply zone is located at 5.0- 5.25 USDT. On the other hand, the demand zone to look for is 2.50 USDT. Therefore, the chart shows a bullish engulfing candlestick pattern during the day.
The RSI indicator gave a signal (bullish) with 64, projecting a buy signal in the currency for the short-term. Investors can observe an inclined slope from 46 to 64 on the index. It can surge in future trading sessions.
The MACD indicator gives (bullish) cross over the signal line on October 01, demonstrating a buy signal in the coin. Additionally, Investors can see green bars on the Histogram index.
Conclusion
The lisk price today is $3.80 on a 24-hour trading volume of $33,166,412. LSK prices have increased 7.0% in the past 24 hours. 140 million LSK coins are in circulation, and the total amount is unknown.
The RSI and MACD point to a buy sign. The traders have prompted high volume. In fact, the cost rebounds from the demand zone. Likewise, the general market outlook is that this pattern will continue to rise over the next few trading days.
Resistance Level: $5.0- $5.25
Support Level: $2.50