Lisk has now entered its 2nd week of trading.
Quote Bitmex Crypto Trader Digest May 30, 2016: "Last week LSK listed on Poloniex with an extraordinary opening day in terms of volume and price action. Its I.C.O. price was 0.00018265 LSK/XBT and immediately listed at 0.00275 LSK/XBT on Poloniex (1400% return), the price dumped to a low of 0.00035 and is now...
Making analisys on new cryptocoins is always difficult -sometime impossible- but look at resistances it's a good point to start, if lisk break this there are big chance of profit.
if lisk break the down line, go short.
Simple but efficient :)
As I said on my previous update, Lisk was on an uptrend, I had stated the possibility of LSK falling bellow that channel and if it did it would find itself bottoming at the nice support line that has been set at 0.00055. This played out well. I now see LSK following this nice comfortable uptrend until the next rally comes.
LSIK seems to be a very interesting alternative project to ethereum and could be huge underrated right now. I will start to follow up LISK here a bit, seeing a healthy bottom forming right here.
I will still hold some ETH but tending to switt over the next days and weeks considering the market conditions and opportunities.
Today LISKBTC went 20% up so far,...
A flurry of events happened yesterday: HUOBI:BTCCNY touched a high of ¥3944.3 and is continuing to rise. The Dao released KRAKEN:DAOXBT , bringing plenty of interest into the Crypto 2.0. space, as well as competition: $129M market cap and $3M+ in trading volume.
Lisk has held its own. Currently POLONIEX:LSKBTC is #4 in trading volume at $5.4M , ahead of...
Scouting for an entry zone. Overall market volume of The Dao KRAKEN:DAOXBT has now surpassed LSK POLONIEX:LSKBTC . Further weakness in price and volume can be expected until #BTC market cools off. Until #Kraken release #LSK trading, expect #Poloniex to control price direction for the time being. Waiting for entry in the 50K zone to catch a dip.
Lisk has been maneuvering very well with the intense BTC rise that's been taking place. We found Lisk retracing a bit and have found its new support at 0.00061-0.00062. This seems like a nice support Line for Lisk and to me shows that it has great room to go up. If Lisk somehow breaks the support Line at 0.0006 the next support line to be expected will be at...
As long as thinks continue the same this will be the trend to expect Lisk to follow. This will change as soon as it makes a big move. The big move will be Lisk going up. It will not dump so do not expect it to. The bottom was around 0.0003. From here we see when the next up-trend is like, as its possible it could run into a more intense up-trend channel.
Looks like we hit a good bottom @ 55K LSK this morning. 60K was a great buy area imo. I believe LSK can overcome overhead resistance today and try for a breakout by the end of the weekend. Watch for volume dropping from Bitcoin (currently 275k BTC) and increasing LSK buy pressure at Poloniex to confirm breakout strategy. Current LSK trading volume on Coinmarketcap...
