Lisk (LSK) Price Prediction 2023-2030: Will LSK Price Hit $1.35 Soon?

• LSK could reach $1.35 in 2023 if the bulls help it break the 50-day MA at $1.07.
• Lisk got listed on the Binance.US exchange in August 2022.
• If the bulls dominate LSK will seek the 200-day MA support, if not it will fall to 0.689.

What is Lisk (LSK)?

Lisk is an open-source web 3 application platform that supports interoperability and sidechains. The platform’s Javascript Software Development Kit (SDK) enables the developers to launch their own Lisk-compatible blockchain. The Lisk blockchain’s native cryptocurrency, LSK functions on Delegated Proof of Stake consensus mechanism.

Lisk is made up of several products, which include Lisk Core, Lisk Service, and the two wallets Lisk Desktop and Lisk Mobile.

Lisk Core enables delegate forging, provides blockchain synchronization, and includes the complete API for developers. Lisk Core is for advanced technical users looking to build on top of Lisk, securing the network infrastructure or attain delegate forging access.

The main focus of Lisk Service is to provide data to the UI clients such as Lisk Desktop and Lisk Mobile. Lisk Service makes it possible to access all blockchain live data in a similar way to the regular Lisk SDK API. Furthermore, it provides users with much more details and endpoints, such as geolocation and various statistics about network usage.

Lisk Desktop sends various types of network transactions, and it also has the ability to monitor network events. These include delegate forging statistics, top account holders, most recent transactions, etc.

Lisk Mobile is available for both iOS and Android. Although it may not be as feature-rich as its Lisk Desktop counterpart, it is a convenient addition for enhanced usability and convenience. It gives the user the versatility to access their account anywhere they can take their mobile device.

Lisk (LSK) Market Overview

Analyst’s View on Lisk (LSK)

Apart from being listed on the top ten list of interoperability tokens, LSK also has been recently listed on Binance.US for trading.

Lisk (LSK) Current Market Status

According to CoinMarketCap, Lisk is down 0.78% in the last 24 hours and is trading at $1.07 at the time of writing. With a live market cap of $137,504,374, LSK ranks 186. It has a circulating supply of 128,900,445 LSK coins.

LSK traded at $0.96 when the markets opened for trading for this week. LSK fell below the opening market price just a few hours after trading began for the week. For the first four days of the week, LSK was trading between the $0.85-$0.95 range. However, at the dawn of the fifth day, the token started gaining value. During the preceding phase, the token reached its maximum price of $1.1024.

Lisk (LSK) Price Analysis 2023

By market capitalization, LSK ranks 186 on CoinMarketCap’s list of the biggest cryptocurrencies. Will LSK’s most recent improvements, additions, and modifications help the LSK price rise? First, let’s focus on the charts in this article’s LSK price forecast.

Lisk (LSK) Price Analysis – Bollinger Bands

Bollinger band is an indicator that is used to measure volatility in the market. This indicator relies on two parameters: Period and Standard deviation. The period is the time frame while standard deviation measures how far the values are from the mean or average.

The Bollinger band has an upper band, middle band, and lower band as shown below. The upper band gives the maximum limit that the digital asset could rise from the mean. The lower band marks the other extreme or the lowest point that the prices of a digital asset could fall.

The logic is that the price of the digital asset is supposed to hover close to the middle line of the Bollinger band. However, on occasions that the price of the digital assets strays too far from the middle line, just as shown below, we could expect the price to rise back close to the median after hitting the lower band.

For instance, we could see that LSK touched the lower Bollinger and returned to the mean. This behavior is also expected to happen vice versa  – when it touches the upper Bollinger band.

The logic behind this is based on the empirical law of standard deviation which states 95% of the time, the normal distribution of data lies within two standard deviations. The upper band is calculated by taking the middle band and adding twice the daily standard deviation to that amount. The lower band is calculated by taking the middle band and subtracting two times the daily standard deviation

In instances where the Bollinger bands widen, we could expect more volatility in the market and expect the prices to consolidate or move sideways when the bands contract. 

Lisk (LSK) Price Analysis – RSI Indicator

The Relative Strength Index is an indicator that is used to find out whether the price of a digital asset is overvalued or undervalued. As per its name, RSI indicators help determine how crypto is doing at present, relative to its previous price. To evaluate this, RSI compares the gains of the digital asset against the losses it made during the past 14 days. This ratio of gains and losses is then deducted from the 100.

Hence, if the answer is less than 30, then we call that the price is in the oversold region. This means that many are selling digital assets in the market, making them undervalued.  Moreover, as per the supply-demand curve theory, the price is supposed to drop when there is an increase in supply.

If the answer is more than 70 then the digital asset is overbought as many are buying. Since many want to buy digital assets the demand increases which intuitively increases the prices.

As of press time, the RSI value is at 51.45 and is tilting upwards. If the RSI makes higher highs in tandem with the crypto then, we could adjudicate that the market is in a bullish trend. Moreover, it could indicate trend reversals.

For instance, a coin could be on an uptrend but behind the scenes, it could be losing value. Although when you look at the chart it would look bullish, the RSI helps figure out what’s going on with the token. 

Lisk (LSK) Price Prediction 2023

When considering the chart below, LSK had a Golden Cross where the 50-day MA (purple) crossed the 200-day MA (Orange) from below. This usually results in a surge in prices. However, LSK did not surge after the Golden cross, the prices rather started descending. During this descent, LSK lost 35% of its value within 19 days.

As of press time, LSK is testing the 50-day MA which is acting as the immediate resistance level. If LSK bulls manage to give more momentum there’s a high chance of LSK reaching resistance 1 at $1.3. Contrastingly, if the bears overpowered the bulls, the 50-day MA would be a hard hurdle to break through. And in the event this happens, LSK would be searching to perch on the 200-day MA. In event that the 200-day MA is not able to hold LSK, then the token will be searching to land on Support 2 at $0.7. 

Lisk (LSK) Price Prediction 2024

The next year could be a significant year in the cryptocurrency calendar as it is the year of Bitcoin halving. Since the rewards for mining and validating will be slashed in half, there will be fewer validators. This means there will be less BTC mined and the supply will shrink and as a result, the price could surge.

Since all cryptocurrencies rise and fall in tandem with BTC, we could expect LSK to reciprocate this behavior. As such LSK could rise to somewhere close to $1.50.

Lisk (LSK) Price Prediction 2025

In the aftermath of the BTC halving, we could expect the market to correct BTC. But, as per  Aurelien Ohayon, CEO of XORstrategy, a bull run will be followed for BTC for three years after halving. However, it will not be a continuous three years of a bullish run. It will be split by 1.5 years of the bull run followed by 1 year of the bear run which then will be followed by another 1.5 years of the bull run. If this happens and the other coins reciprocate this behavior then LSK could reach $1.10 in 2025.

Lisk (LSK) Price Prediction 2026

Remember 2025 will be the first year after BTC halves and six months into 2026 will mean that the bull run will be over and the bear market will appear. Hence, the price of LSK could reach a maximum of $1.50 in 2026 and go through a correction. 

Lisk (LSK) Price Prediction 2027

The first half of 2027 could be a bearish market and the rest six months could be followed by market consolidation in the course of the year. Hence, it is possible to see LSK trade at around $1-$1.4 in 2027.

Lisk (LSK) Price Prediction 2028

LSK will likely trade above its 2025 price prediction of $1.10 in 2028 due to the start of the next bull run with respect to Bitcoin halving. With the powerful sentiment of investors to buy more cryptocurrencies, a buy pressure may be seen in the market, which will make LSK trade at around $1.89 in 2028.

Lisk (LSK) Price Prediction 2029

The most impact of a bullish sentiment resulting from Bitcoin halving could be mainly experienced in the coming year. We can expect the price of LSK to break more psychological resistance and trade around $2.15 by the end of 2029.

Lisk (LSK) Price Prediction 2030

The impact of cryptocurrency adoption could stabilize the market by 2030, sustaining the bullish gains of the previous years. Hence, we can expect the price of LSK to trade above $2.5 by the end of 2030.

Lisk (LSK) Price Prediction 2040

LSK is predicted to surpass more psychological resistance levels and trade around $2.80 by the end of 2040, potentially even surpassing its all-time high value.

Lisk (LSK) Price Prediction 2050

By the year 2050, the widespread adoption of cryptocurrencies is predicted to stabilize the market and maintain the previous bullish gains. As a result, we can anticipate LSK to trade above the $3.00 mark towards the end of 2050.

Conclusion

If the investors see potential in LSK and add it to their portfolio then we will be able to see exponential growth in LSK prices surpassing $3.00.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.