Bull Breakout? LSK Jumps 60 Procent op effectenbeurs

The price of Lisk’s native token LSK is flirting with a bullish breakout following a new exchange listing.

Price charts indicate LSK ran into bids at $21.63 op 05:34 UTC today before ultimately jumping more than 60 procent tot $35.26 in de volgende 30 notulen. Dusver, it’s a development the investor community is associating with its listing on the Japan-based exchange bitFlyer, one that holds water as it’s one of the largest domestic exchanges in terms of trading volume.

Echter, bitFlyer encountered technical difficulties immediately after the new listing.

This seems to have weighed over LSK prices. Met ingang van het schrijven, LSK is changing hands at $26.27, meaning the cryptocurrency has retracted from its intraday high of $35.26.

Nog steeds, the odds of a bullish breakout on technical charts remain high.

Prices could remain well bid in February as a project relaunch is scheduled on Feb. 20, and it seems to have garnered plenty attention from investors.

The company runs a blockchain application platform, somewhat similar to ethereum in intent in that it’s meant to enable decentralized applications. It is also set to unveil an entirely updated and improved platform, as well as a new brand identity and website next month.

LSK chart

De bovenstaande grafiek (prices as per Bittrex) shows:

  • A repeated failure on the part of the bears to keep prices below the 50-day MA, followed by a sharp rebound from the rising trendline representing a series of higher lows. The price action indicates the bulls are in control.
  • The 50-day MA is trending north, indicating a bullish setup.
  • De relatieve sterkte index (RSI) is boven 50.00 (in de bullish grondgebied) and on the rise, suggesting scope for further gains in LSK.

Uitzicht

  • The retreat from the intraday high of $36.27 has neutralized the immediate bullish outlook.
  • Dat gezegd hebbende, a close today (als per UTC) bovenstaand $26.68 (jan. 20 hoog) would open doors for a sustained move higher to a record high of $41.39 (set on Jan. 7).
  • Aan de andere kant, slechts een dag dicht (als per UTC) beneden $14.76 (jan. 17 laag) would signal a bullish-to-bearish trend change.

ontkenning: CoinDesk is een dochteronderneming van Digital Currency Group, which has an ownership stake in BitFlyer.

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Bron: Coindesk

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