THELOGICALINDIAN - The dailytime anatomy is accouterment abutment for Lisk but it will charge to accomplish a accretion soon
Lisk / USD Short-term amount analysis
LSK has a bearish concise outlook, with the cryptocurrency still trading beneath its 200-period affective boilerplate on the four-hour time frame.
The four-hour time anatomy shows a accurate arch and amateur pattern, with LSK / USD buyers now attempting to about-face the contempo abatement and invalidate the bearish pattern.
Technical indicators are still bullish on the four-hour time anatomy and abide to arresting added near-term gains.
Pattern Watch
Traders should agenda that a abundant beyond bearish arch and amateur arrangement could booty appearance if the LSK / USD brace starts to decline.
Relative Strength Index
The RSI indicator on the four-hour time anatomy is bullish, although it has confused into overbought territory.
MACD Indicator
The MACD indicator on the four-hour time anatomy has angry bullish, with the MACD arresting band and histogram arising a buy signal.
Lisk / USD Medium-term amount analysis
LSK has a bullish medium-term outlook, with the cryptocurrency still trading aloft its trend defining 200-day affective average.
The circadian time anatomy is assuming that the astern arch and amateur arrangement has accomplished its upside target, with LSK / USD beasts now defective to force amount aloft the accepted 2024 trading aerial to animate beginning abstruse buying.
Technical indicators on the circadian time anatomy are attempting to about-face bullish alongside the contempo beforehand in the LSK / USD pair.
Pattern Watch
Traders should agenda that a bearish arch and amateur arrangement could anatomy on the circadian time anatomy if buyers abort to move the LSK / USD brace to a new 2024 trading high.
Relative Strength Index
The RSI indicator on the circadian time anatomy has angry bullish as upside drive continues to build.
MACD Indicator
The MACD indicator on the circadian time anatomy is attempting to about-face bullish alongside the contempo beforehand in the LSK / USD pair.
Conclusion
LSK is attempting to body bullish drive over both time horizons afterwards award able abstruse abutment from its 200-day affective average.
If sellers abort to invalidate the bearish arrangement on the four-hour time frame, the LSK / USD brace could ache alike added losses and about-face bearish over the medium-term.
Check out our coin guide for Lisk.
