LSK/BTC slides at channel resistance again as Lisk team releases migration guide ahead of Testnet


LSK/BTC slides at channel resistance again as Lisk team releases migration guide ahead of Testnet

Tuesday, June 26, 2018 9:22 AM UTC

LSKBTC price has been sliding through sloping channel, the Lisk bears have resumed its downtrend again at channel resistance at 0.0009000 levels. While the technical indicators have also been in bearish favour (refer 4H chart).

The Lisk technical team has recently announced its upcoming Testnet which is scheduled for this 28th June. While it is coming to Amsterdam on June 26th where the excitement is lingering around to bring the community together and discuss the latest news at Lisk, the Academy of this crypto is hosting an open Q&A round.

The Dutch Marketing Lead, Thomas Schouten, would likely present a crucial speech and participate in a panel discussion at Blockchain Expo Europe as well. The conference takes place on this 27th and 28th in Amsterdam. Approximately around 8,000 participants attended the conference last time when it was organized in Berlin.

The lisk team is currently working on their new project named Lisk Core 1.0. They have also released a migration guide along with the Lisk Documentation.

The documentation illustrates the vital points about technical sections of the latest version of the blockchain. Following are some of the topics that have been described in the documentation: Lisk Protocol, Lisk Core, Elements, Commander, Hub and explorer.

With the current network growth speed, the estimated time and date of the migration is 12 CET, Thursday, June 28th. The migration is scheduled for when they reach the block height of 5,594,490.

While you could observe the price of lisk against bitcoin has been constantly dipping below 7EMA levels ever since it dropped from the peak of 0.0013239 levels (refer daily chart).

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