On the 7th of January Lisk produced a new all-time high reaching $40 and then corrected down sharply where it tested and rejected the and the 200 Moving Average. There are now few scenarios that can take place, first is Lisk will continue moving higher from the current price. Second is Lisk will correct back to the $18.8 and then will resume the uptrend. And third is Lisk will go lower to test $10 support, consolidate and only then will be on its' way to a new all-time high.
On the downside, daily break and close below $10 could invalidate outlook and extend the consolidation period, but in any case, long term trend seems to be very , and it's just a matter of time for Lisk to go up again.
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