Analysis on Lisk - Upcoming Events & Technical Analysis

There are a lot of hype on Lisk right now. Many milestones and events are coming up, causing the price to rise dramatically in recent months. Upcoming major events include:

• Relaunch/re-brand - Feb 20, 2018
• Core version 1.0 release (https://github.com/LiskHQ/lisk/projects/6) - Q1, 2018

Many are anticipating that Lisk's relaunch/rebrand will have a similar positive effect on its price as NEO's rebranding from Antshares which caused it's price skyrocket from $2.50. The price might drop after the relaunch event from people "selling the news" or over-hyping the event; therefore, if you aren't a long-term investor, I strongly recommend setting a stop-loss order.

Technical Analysis - Short term

From a technical analysis perspective, the chart looks very bullish despite the recent 20% drop. Key support levels to keep an eye on will be $29 and $28.20. If $29 holds, a inverse head and shoulder pattern will form which is a bullish sign that signals a trend reversal from the recent drop. $29.00 is also where the 200 day moving average is on the 1-hour chart. The 200 day moving average is usually key support levels. If the price drops below these key levels, we could see a bigger drop to around $27.50 In addition, the MACD indicator is still signalling a bullish trend as the blue line (12 day moving average) is still higher than the orange line (26 day moving average). Should the blue line dip below the orange line, that could indicate a short-term bearish trend.

Technical Analysis - Long term

Looking at the longer term picture, we can see that Lisk dropped to $12 when the market crashed. Coincidentally, $12 is where previous resistance was and exactly where the 200 day moving average is. Once resistance levels are breached, they become support levels. For those who don't believe in technical analysis, this is a perfect example that it can work.

MACD is still indicating a continuation of the upward trend. Key resistance level will be $36 while key support will be $27.50.