Lisk at Bittrex forms shooting star and hanging man patterns that have shown their bearish effects.
You could see price slumps below 7DMA, for now, more dips seem to be on cards upon bearish MACD & DMA crossovers. 7DMA crosses below 21DMA, while MACD also shows bearish crossover that signal bearish trend to prolong further.
The momentum indicators (RSI & stochastic curves) in bears favor (Refer daily plotting of LSK against BTC at Bittrex).
Current prices are well below 7DMA, and next strong support is seen at 0.00187337 levels.
While on weekly terms, shooting star has occurred at 0.0024179 levels in intermediate trend to signal weakness. Consequently, the price has dipped below 7WMA levels.
Well, contemplating above technical rationale, we could foresee short-term selling opportunities, while accumulate longs on dips would be the strategy for long term.
FxWirePro launches Absolute Return Managed Program. For more details, visit:


Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
Bitcoin Cracks $75K as $1.3B ETF Exodus and Middle East Jitters Spook Bulls; Bears Eye $70K
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases 



