Since Lisk (LSK) has little to do with the hot topic of DeFi, the coin fuels that ecosystem for smart contracts and seamless creation of sidechains, it didn’t experience the same growth rate as many other altcoins did over the past few months.
Nevertheless, LSK managed to recover the losses it suffered during the COVID-19 crisis, and even went as far as to approach this year’s high at $2.32 that was obtained at the top of the previous bull rally. The all-time high, though, still remains 95% away from Lisk’s current price at $1.87, which allows us to characterize LSK as a solid altcoin that offers decent profit opportunities but won’t light up the sky any time soon.
1-year Lisk chart
Despite the fact that Lisk isn’t displaying something out of the ordinary on the macro scale, this altcoin has had a good month as it gained 48% against USD and outpaced Bitcoin by 21%. Obviously, LSK desperately needs to rise at least to $2.4 in order to establish a new higher high, thus stating its claim on the secondary uptrend that is going to be supported by retail traders more eagerly.