LSK has had a hell of a time trying to gain traction as some individual or a group of actors appear to be pumping at strategic moments and then draining the market of profits. However... Recently, we had a drip without a recovery. This could indicate that a pump is coming soon. Beware of the bear. These wicks are far too long for this to be a large enough market to which it can resist these large swings in price.
The RVI has been low for quite some time and it is unusual that after a relaunch that LSK should still be down this far. However, due to the already widely accepted coding language, I would expect that LSK will become a short-term favorite for block chain applications to be tested before attempting to recode into a lesser known code. Again, it is unusual that the market would react to the relaunch with such skepticism.
We are however testing a support line once again. March could be a whole new ball game for LSK, for better or worse. This is the point at which one should be considering their positions if they have recently invested.
(BTCStrategies Disclaimer: All information shared is for education, speculation, and encourages discussion. Always review risks before investing in any crypto/fiat or stock position. BTCStrategies may suggest things, however as the quote goes -
“Speak what you think today in hard words and tomorrow speak what tomorrow thinks in hard words again, though it contradict every thing you said today.”
― Ralph Waldo Emerson, Self-Reliance)
The RVI has been low for quite some time and it is unusual that after a relaunch that LSK should still be down this far. However, due to the already widely accepted coding language, I would expect that LSK will become a short-term favorite for block chain applications to be tested before attempting to recode into a lesser known code. Again, it is unusual that the market would react to the relaunch with such skepticism.
We are however testing a support line once again. March could be a whole new ball game for LSK, for better or worse. This is the point at which one should be considering their positions if they have recently invested.
(BTCStrategies Disclaimer: All information shared is for education, speculation, and encourages discussion. Always review risks before investing in any crypto/fiat or stock position. BTCStrategies may suggest things, however as the quote goes -
“Speak what you think today in hard words and tomorrow speak what tomorrow thinks in hard words again, though it contradict every thing you said today.”
― Ralph Waldo Emerson, Self-Reliance)