Lisk Architecture (LSK) Has a Great Future! - Kakiforex.com - Financial Market Media No. 1 in the World Lisk Architecture (LSK) Has a Great Future! Lisk Architecture (LSK) Has a Great Future!
InstaForex

June 30, 2021

Lisk Architecture (LSK) Has a Great Future!

 Lisk is a blockchain application platform that aims to create an accessible future, where everyone can benefit from decentralized technology.


Lisk allows developers to build applications as well as use side-chains associated with the Lisk network that include custom tokens.


ICO Lisk was launched on May 24, 2016 by Max Kordek and Oliver Beddows, built via JavaScript and TypeScript. Its main products are Core, SDK, Desktop and Mobile.


Uniquely, Lisk is a decentralized network, much like BitShares, Nxt or Bitcoin. However, Lisk does not use proof-of-work like Bitcoin and instead uses an implementation of BitShares ’original consensus algorithm known as delegated proof-of-stake.


Next, examine the LSK/USDT price movement chart.


In the last Bull Season, LSK was able to show a good market record by producing a jump of over 900% recording the latest all -time high (ATH) level at the price level of $ 11.50 on May 7, 2021.



At the opening of the market in June, the price movement was seen moving weakly to decline to the support level around $ 1.8 which is the concern of investors.


From a technical point of view, the price movement has now managed to pass the SBR zone (support become resistance) around $ 2.2- $ 2.4 which shows a positive signal to make a rise.


As for the next expectation, if the price movement manages to break the resistance level of $ 2.7, the next focus will be towards the SBR zone around $ 3.0 to be tested first before continuing higher.


However, if the LSK price shows a downward trend again, the price movement will re -test the support zone around $ 1.8 either to make a ‘rebound’ or continue the decline to the lowest level ever recorded before.