LSKUSD ends the day on a bearish note closing near the low of the day
Moving lower for the 2nd day in a row, LSKUSD ended Saturday at 2.79 losing $0.24 (-7.92%). Today's closing price of 2.79 marks the lowest close since August 19, 2017. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 3.01, the cryptocurrency confirms its breakout through the prior session's low having traded $0.24 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.
Saturday's trading range was $0.26 (8.58%), that's slightly above last trading month's daily average range of $0.22. Weekly volatility is also higher, being above the markets average with the monthly volatility being slightly above average.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for LSK/USD Index
|Close to R1 Resistance||TQ Pro Members Only|
|Strong Up Move||TQ Pro Members Only|
|Decisive Up Move||TQ Pro Members Only|
|White Candle||TQ Pro Members Only|
|Price broke through Technical Resistance R1||TQ Pro Members Only|
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