Lisk Could Be Ready To Explore The Moon

Lisk has been breaking above all resistance levels showing that there is huge upside potential in the coming days. LSK/USD rejected the 200 Moving Average on the daily chart and has managed to break above the $10 strong resistance which is also a psychological round number.

It seems that Lisk is ready to launch and could be exploring the moon, while the upside targets are quite high. The nearest target is around $25, while a much stronger resistance is at $30, which is also a psychological round number and does correspond with two Fibonacci retracement levels applied to different corrective waves.

First, it is 527.2% Fibs at $29.2 and second is 827.2% Fibs, which is right at the same level – $29.2. This does make this price a strong resistance and could be the upside target. However, if broken the highest target for this wave could be as high as $40, which is near $727.2% Fibs.



Please enter your comment!
Please enter your name here