Fighting tough resistance

9 Jun 2016

LSK has been steadily recovering from the last down trend. Recent new gave the coin a boost, but it had to overcome some very tough resistance to continue the advance. The trend should continue up for at least the next couple of days barring major news. The unknown is what effect a large spike in the BTC price would have on the rally. LSK held its own during the last large run up and even trended up with BTC at one point. If BTC rallies, I would keep a close eye on LSK.

9 Jun 2016

Nota

Instead of continuing the upward trend, LSK broke through the established trend line and fell slightly back down to the long-term support/resistance zone. A break below the zone could result in a fall to .00073, while a break above the zone should result in an upward trend establishing itself in one of the channels pictured above.