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Lisk (LSK) Down 0.07% Friday: What's Next?

Friday, February 18, 2022 08:21 AM | InvestorsObserver Analysts
Lisk (LSK) Down 0.07% Friday: What's Next?

Lisk (LSK) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the crypto has declined 6.81% to $1.66.

volatility - 22
InvestorsObserver is giving Lisk a 22 Volatility Rank. Find out what this means to you and get the rest of the rankings on Lisk!

Low Volatility

InvestorsObserver gives Lisk a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. LSK's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Lisk price is trading near resistance. With support at $1.54 and resistance set at $1.7. This positions Lisk with potential selling pressures ahead as it may be getting over extended.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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