Lisk (LSK) Price Prediction 2022 – Will LSK Hit $7 Soon?
- Bullish LSK price prediction is $1.37 to $5.13.
- The LSK price will also reach $7 soon.
- LSK bearish market price prediction for 2022 is $0.85.
In Lisk (LSK) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about LSK to analyze the future movement of the cryptocurrency.
Lisk (LSK) Current Market Status
According to CoinGecko, the price of Lisk (LSK) is $0.9941 with a 24-hour trading volume of $3,179,509 at the time of writing. However, LSK has decreased to 1.44% in the last 24 hours.
Moreover, Lisk (LSK) has a circulating supply of 128,900,445 LSK. Currently, LSK trades in cryptocurrency exchanges such as Binance, XT.COM, Bybit, MEXC, KuCoin, OKX, and Huobi Global.
What is Lisk (LSK)?
Lisk is an open source blockchain platform based on Lisk Tokens (LSK) that enables developers to write decentralized applications (dApps) using the JavaScript programming language. Lisk allows developers to create applications on side chains connected to the Lisk network, as well as their custom tokens. It is a modular cryptocurrency because the coin contains “modules” as the basis for its design and construction.
Lisk (LSK) Price Prediction 2022
Lisk (LSK) holds the 198th position on CoinGecko right now. LSK price prediction 2022 is explained below with a daily time frame.
The above chart of LSK laid out a descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend. It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level, the bearish trend would be sustained.
Generally, a descending triangle pattern indicates the reversal of an uptrend or the continuation of the downtrend. Traders keenly look out for a significant breakout point.
Currently, Lisk (LSK) is at $0.9941. If the pattern continues, the price of LSK might reach the resistance level of $1.370 and $1.765. If the trend reverses, then the price of LSK may fall to $0.939.
Lisk (LSK) Support and Resistance Levels
The chart below shows the support and resistance levels of Lisk (LSK).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Lisk (LSK).
- Resistance Level 1 – $1.379
- Resistance Level 2 – $2.182
- Resistance Level 3 – $3.298
- Resistance Level 4 – $5.138
- Support Level – $0.853
The charts show that LSK has performed a bullish trend over the past month. If this trend continues, LSK might run along with the bulls overtaking its resistance level at $5.138.
Accordingly, if the investors turn against the crypto, the price of the LSK might plummet to almost $0.853, a bearish signal.
Lisk (LSK) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Lisk (LSK) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of LSK lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Lisk (LSK) is shown in the above chart. Notably, the LSK price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, LSK is in a bearish state. There is a possibility of a reversal trend of LSK at any time.
Meanwhile, the relative strength index (RSI) of the LSK is at a level of 49.28. This means that LSK is nearly in an oversold state. However, this gives confidence to the traders to trade without any fear.
Lisk (LSK) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Lisk (LSK). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Lisk (LSK). Currently, LSK lies in the range of 18.713, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of Lisk (LSK). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of LSK lies above 50, indicating that the direction of volatility is high. In fact, LSK’s RSI is at 49.28, thus confirming a potential sell signal.
Comparison of LSK with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Lisk (LSK).
From the above chart, we can interpret ETH, BTC, and LSK are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and LSK also increase or decrease respectively.
Lisk (LSK) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Lisk (LSK) might probably attain $9 by 2023.
Lisk (LSK) Price Prediction 2024
With several upgrades in the network, Lisk (LSK) might enter a bullish trajectory. If the coin grabs the attention of major investors, LSK might rally to hit $12 by 2024.
Lisk (LSK) Price Prediction 2025
If Lisk (LSK) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, LSK would rally to hit $17.5.
Lisk (LSK) Price Prediction 2026
If Lisk (LSK) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, LSK would rally to hit $24.
Lisk (LSK) Price Prediction 2027
If Lisk (LSK) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, LSK would rally to hit $28.6.
Lisk (LSK) Price Prediction 2028
If Lisk (LSK) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, LSK would hit $32.3.
Lisk (LSK) Price Prediction 2029
If investors flock in and continue to place their bets on Lisk (LSK), it would witness major spikes. LSK might hit $36 by 2029.
Lisk (LSK) Price Prediction 2030
With greater advancements in the Lisk ecosystem, the crypto community might continue to invest in Lisk (LSK) for the next 8 years and drive significant price rallies for the token. Hence, Lisk (LSK) might hit $40.5 by 2030.
Conclusion
With continuous improvements in the Lisk network, we can say that 2022 is a good year for LSK. For this reason, the bullish price prediction of Lisk (LSK) in 2022 is $5.138. On the other hand, the bearish price prediction of Lisk (LSK) for 2022 is $0.853.
Furthermore, with the advancements and upgrades in the Lisk ecosystem, the performance of Lisk (LSK) would rise to reach above its new all-time high (ATH) of $34.92 very soon. But, it might also reach $7 if the investors believe that LSK is a good investment in 2022.
Lisk is an open source blockchain platform based on Lisk Tokens (LSK) that enables developers to write decentralized applications (dApps) using the JavaScript programming language.
Lisk (LSK) has been listed on many crypto exchanges which include Binance, XT.COM, Bybit, MEXC, KuCoin, OKX, and Huobi Global.
With the ongoing developments and upgrades within the Lisk platform, Lisk (LSK) has a high possibility of reaching its ATH soon.
On January 07, 2018, Lisk (LSK) reached its new all-time high (ATH) of $34.92.
Lisk (LSK) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Lisk in the past few months, LSK is considered a good investment in 2022.
Lisk (LSK) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Lisk (LSK) will hit $7 soon.
Lisk (LSK) price is expected to reach $9 by 2023.
Lisk (LSK) price is expected to reach $12 by 2024.
Lisk (LSK) price is expected to reach $17.5 by 2025.
Lisk (LSK) price is expected to reach $24 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
