This is a highly speculative cryptocurrency and still very risky but LSK has a very good risk/reward ratio in the market right now which means you stand to gain a lot more for taking a comparatively smaller risk. Lisk remains in the bearish phase but if the price advances above $1 it could be a good sign of the trend reversal. If the price drops below $0.6 support that would be a “SELL” signal and the open way to $0.5. If the price drops below $0.5 strong support that would be a strong “SELL” signal and the open way to $0.4.
Recommendation: The price of Lisk has weakened from $2 to $0.62 in less than 180 days and the price could fall even more in the upcoming weeks. This is a highly speculative cryptocurrency and still very risky but lots of analysts agree that LSK is currently at a point where it has the potential to make very big gains. Many currently used coins have limited support, outside of major crypto-exchanges and this is also the situation with Lisk. Because of that, I would recommend to everybody to be careful and to invest a small sum of money in this cryptocurrency. If the price jumps above $1 that could be a very good opportunity for the short term traders, short-term traders can put the stop-loss at $0.8 and take profit at $1.2 or above. If the price drops below $0.5 strong support that would be a strong “SELL” signal and the open way to $0.4.