Altcoins like Tezos, Binance Coin and Lisk have produced triple-digit rallies in 2020 as Bitcoin struggles to stay above $10K
LSK USD 1-day chart. Source: TradingView
This parabolic move led to $2.80 and is currently hovering to close above the massive resistance at $2.30, while the RSI is showing overbought signals as it’s now at 93.
If Lisk is unable to close above $2.30, a retrace is likely to occur, through which targeting the $1.60 level at first seems reasonable as support.
Shared On DLIKE
