Lisk has a short-term resistance area at $2.5 and it would take a break above this level to confirm a new leg higher towards the $3 level. If the price drops below $2 support that would be a “SELL” signal and the open way to $1.5. I would not invest in Lisk currently, maybe only as the short-term trader with “stop-loss” and “take profit” orders. In the chart below we can see how did the price of Lisk perform in the last 30 days. On this chart, I have marked a “trendline” and if the price drops below this trendline that will be a “SELL” signal.
Recommendation: The cryptocurrency market is supported, all major cryptocurrencies are advancing this month and according to current market sentiment, this trend is still intact. LSK was one of the best performers in the cryptocurrency market in the last several weeks, the price of this cryptocurrency has advanced from $0.6 above $2.8 in less than 30 days. This is a highly speculative cryptocurrency and still very risky but lots of analysts agree that LSK has the potential to make very big gains in the upcoming years. 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 $3 that could be a very good opportunity for the short term traders, short-term traders can put the stop-loss at $2.5 and take profit at $4 or above. If the price drops below $2 strong support that would be a strong “SELL” signal and the open way to $1.5.