LISK Price Analysis: LSK Gets +20% In Last 24 hours! Thursday, August 16

Cryptocurrency LISK Price

LSK Gets +20% In Last 24 hours

While the rest of the cryptocurrency market is currently struggling not to fall any further after last days price decrease, LSK got an impressive boost of +20% to its value in last 24 hours.

Any recent price analysis has to focus on Bitcoin's price movement, as it has heavily affected the whole market, bringing many altcoins down to even half their price. BTC is currently trading for $6,421 as it managed to recover slightly. Many people were afraid that it would go below $5000. Currently, it's -1.48% down when it comes to daily price change, yet few coins are able to bounce in the opposite direction and head upwards.

LSK Price Analysis

The recent market movement brought Lisk token from $3.35 region, where it had confidently fluctuated last week, to the lows of $2.70. The most notable price spike can be seen on August 15th, when the price jumped from $$2.74 to $3.19 in a matter of hours. It then began a very positive and promising upwards run, breaking price marks like $3.40, then $3.60. The 24 hour trading volume is $14,000,000, which is double the amount it was last week. This shows the increased interest in the Lisk cryptocurrency among traders, as they seek there their potential profits.

Lisk Price Prediction

One of reddit users foddersan, has created an interesting post regarding events and updates which can significantly affect LSK price in the following weeks. He sums it up in 4 main points:
"- Lisk Core 1.0 will be hitting mainnet on August 29th
- New versions of Lisk Commander, Elements, Explorer, Nano, and Hub will be released to coincide with Lisk Core 1.0 hitting the mainnet
- 3 days later on September 1st Lisk's first Sidechain ICO will begin with a 10% bonus for purchases with Lisk
- According to Lisk's Marketing team, some exchanges may be waiting for Lisk Core 1.0 before Lisk is added."

Depending on Bitcoin's price movement and what direction will the whole cryptocurrency market choose, Lisk seems to be very close to some significant price changes. While regions of $5 seem to be the most probable and safe as assumptions, many token holders are looking to break $10 mark, especially with fully working Lisk Core 1.0. If BTC recovers and gets good gains, it can also help LSK reach these values.

LSK/USD Price Chart, Thursday August 16th:

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