BTC$24 167.69


ETH$1 802.06




USD Coin


Binance Coin




Lisk Battling Out With Bitcoin

February 2020

Right now, Lisk (LSK) presents the biggest interest to traders who give preference to trading cryptocurrencies that are paired with Bitcoin. Binance currently holds the largest market for Lisk as it hosts 35% of all trades involving this coin, the average daily volume of which presently stands at $4 million.

As of writing, there were 190 Bitcoins traded against Lisk on Binance, which constitutes a very respectable volume, especially in comparison to the neighboring altcoins like Enjin Coin and Raven Coin. LSK isn’t overly popular among stablecoin and fiat traders, as the largest such volume falls on the pairing with Polish Zloty on the BitBay exchange.

Therefore, we won’t devote too much attention to LSK/USDT pair, or any other one that involves stable currencies, but instead, focus more on price action against Bitcoin.

SK’s breakout attempt

It seems that Lisk has a grudge against Bitcoin for being unable to match the gains that the 1st cryptocurrency had put up last year. To be precise, BTC left LSK biting the dust as it outperformed the latter by 70%. The losses were also recorded against two other major currencies: USD and ETH - 17.5% and 51%, respectively.

However, Lisk began the year 2020 with a bang, having gained 61% of its USD value and 25% of that in Bitcoin.

LSK/BTC comparison chart

The price of Lisk has made a sizable rebound against Bitcoin in January, which occurred in three significant price spikes on the 9th, 17th, and 30th of January. Before that, the 51st cryptocurrency has been downtrending for several months after the 2019 summer rally.

But when looking at the daily LSK/BTC chart, we could see that these spikes have aligned perfectly with the lines of the downward channel within which Lisk had been moving since last August.

1-day LSK/BTC chart

Despite being in the upward momentum, the bears aren’t giving its opponents an easy time, judging from the height of upper wicks that formed at each step of the way to 9400 satoshis, the level at which the price attempted to crack the channel open.

LSK has succeeded eventually, but it still has to overcome the so-called traders’ remorse, which is forming above the 9500 sats level. But yet again, a tall upper shadow of the last candle suggests that bear won’t give up easily, so Lisk would have to fight tooth and nail in order to test the potential resistance at 11,000 sats. Given that the RSI is reaching out towards 80, the overbought area, the trading logic dictates that we might see a retracement after a few day’s time.

Since it’s characteristic of LSK to retrace by around 60% of the upward swing, the possibility of it being pushed back within the borders of the descending channel is relatively high. In that case, we would be looking at the probability of the cancellation of the nascent uptrend and even a downfall to 7000 satoshis.        

Confident against USDT

1-day LSK/USDT chart

Even though we stated that Lisk isn’t very active on the USDT market, let’s have a quick look at it because there we could witness a very confident uphill hike, accompanied by a sound buy/sell volume. However, the 14-day RSI is already way above 80, so a move down to $0.82 - $0.8 seems to be imminent. Again, the tall upper wick on the last candle shows that the bears are still exerting a significant influence on the market, so the breach of the $1.1 level won’t happen any time soon.

Author: Alex Paulson for


Lisk (LSK) Is Closing In On This Year’s Highs
Lisk (LSK) Is Closing In On This Year’s Highs
Lisk (LSK): Tedious Stagnation Ahead
Lisk (LSK): Tedious Stagnation Ahead

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76% 40 $24 167.69 4.37% 4.06% $461 986 960 625 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64.4% 74 $1 802.06 5.66% 8.25% $219 634 900 920 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000165 0% -0.01% $66 487 517 659 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $0.999821 -0.01% -0.03% $54 206 596 633 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 68% 61 $329.34 3.41% 15.25% $53 134 575 557 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 80.8% 40 $0.383652 2.43% 1.91% $18 546 934 260 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 73.2% 52 $0.544197 4.81% 6.15% $18 368 049 848 ADA 7 days price change
8 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $1.000037 0.03% 0.14% $17 878 592 729 BUSD 7 days price change
9 Solana (SOL) SOL Solana predictions 74% 44 $43.13 6.71% 2.19% $15 022 313 319 SOL 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 69.2% 58 $9.34 8.65% 10.04% $10 316 601 052 DOT 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 94.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 Dogecoin (DOGE) DOGE Dogecoin predictions 82.8% 27 $0.071327 3.16% 3.99% $9 462 957 069 DOGE 7 days price change
13 HEX (HEX) HEX HEX predictions 70% 62 $0.054029 7.13% 11.76% $9 369 148 526 HEX 7 days price change
14 Avalanche (AVAX) AVAX Avalanche predictions 68% 69 $29.72 6.82% 27.01% $8 455 261 736 AVAX 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 64.8% 77 $0.944750 3.46% 3.94% $7 590 881 808 MATIC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.