Lisk Technical Analysis: LSK/USD is up 8% today, but still facing a critical resistance level at $1.40
- LSK/USD is up 8% after hitting a high of $1.37 today.
- The daily uptrend is still intact and bulls are looking at $1.40 next.
Lisk is in a powerful daily uptrend and has managed to break above several resistance levels on Friday; however, bulls are still facing the toughest resistance point at $1.40. The level was set on April 29 as a daily high.
LSK/USD daily chart
LSK’s strong move on June 5 was still not enough to break $1.40, a critical resistance level on the daily chart. Buyers are enjoying this 8% surge and are looking for a healthy consolidation in the next few days. Support can be found using the 12-EMA and the 26-EMA, although they are still far away from the current price.
The daily RSI is overextended and the MACD has been bullish for the past two weeks. If buyers can break $1.40, the next resistance level is at $1.50, which means that anything in-between is a possible profit target.
LSK/USD 4-hour chart
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Author
Lorenzo Stroe
Independent Analyst
Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.
