Lisk | LSK bearish chart pointing towards $1.5

Lisk / TetherUS BINANCE:LSKUSDT

PagaLui

With the overall market conditions weighing towards the bearish side, I can see LSK dipping into the top of its main accumulation zone of $1.65 – $1.35 from late 2020 and early 2021.

LSK got recently rejected at a trend line , that acted as resistance before. In addition to this, the price couldn’t stabilize around the MA200 and even fell below the MA50. That’s why I’m overall bearish .

Let’s see how this plays out.

Thanks for your support.

Have a good one.

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