#ShareYourTrade $LSK

/USDT Technical Analysis - Binance

Price Overview:

LSK/USDT is currently trading at $0.973, down 0.82% in the past 24 hours.

Key Levels to Watch:

1. Support Level:

$0.904

This marks the 24-hour low, a strong support level. A potential bounce could be expected from this zone.

2. Resistance Level:

$1.004

The 24-hour high suggests a resistance point that sellers have defended effectively. Breaking above this level could push prices higher.

3. Key Moving Averages:

MA(7): $0.972

MA(25): $0.948

MA(99): $0.945

These moving averages provide insight into short-term, mid-term, and long-term trends. A breakout above the 7-day MA could indicate bullish momentum.

Price Targets 🎯:

1. Target 1: $1.00

A psychological resistance level and close to the 24-hour high. Breakout above this level could lead to continued bullish momentum.

2. Target 2: $1.05

This target aligns with historical resistance levels, providing a key area for sellers to defend. A sustained move past this point could signal stronger upward momentum.

3. Target 3: $1.10

A key level where traders may look to take profit or short positions. If LSK continues to climb past $1.05, $1.10 becomes a likely point for consolidation.

Conclusion:

LSK/USDT is showing signs of recovery with potential upside momentum if key resistance levels are broken. Traders should keep an eye on MA levels and volume, as they provide further confirmation of trend strength. Always consider risk management when setting targets.