Per time of articulating this write-up, LSKBTC price has been attempting to spike higher for the day at current 0.0005018 levels, but the Lisk price trend is restrined within the tight range (refer rectangular area on 4H chart).
While the bears have retraced its stern downtrend almost upto 0.00048428 (i.e. 78.6% Fibonacci levels), where it tested a strong support (refer daily chart).
While the technical indicators have been indecisive but signals faded strength and struggling momentum (refer 4H chart).
A secondary phase of investment flow is seen in sidechain project MADANA, as per the announcement of Max Kordek, Co-Founder and President of Lisk.
Because he thinks, the prosperous and authentic blockchain applications would make the foundations of the future Lisk ecosystem.
However, Lisk prices are succumbing to bears since late August that has been significant to end the 2018 in the gamut of cryptocurrency bearish rout. No traces of dramatic bullish overturn is seen for now, instead, we could foresee more dips on cards.
Currency Strength Index: FxWirePro’s hourly BTC spot index is flashing at -130 (which is bearish), while hourly USD spot index was at -40 (bearish) at 10:47 GMT. For more details on the index, please refer below weblink: