Lisk, NEM, Ethereum Price: NEM’s price woes continue as other alts surge

While most altcoins began their revival after witnessing a harrowing 2020, some altcoins still struggled to stay afloat. Over the past few days, the world’s second-largest cryptocurrency, Ethereum [ETH], along with coins such as Lisk [LSK], posted gains, while NEM [XEM] wasn’t so fortunate.

Ethereum [ETH]

Source: ETH/USD, TradingView

Ethereum’s 2020 wasn’t as eventful as many would have expected. Just recently, Ethereum registered 2020’s second-largest dip in terms of its funding rate. Over the past few days, the price of Ethereum seemed to have gained a bit of upward momentum as the coin’s value increased by close to 9 percent.

At press time, Ethereum’s price was $131 and had a market cap of $14 billion. If the price were to continue on the same trajectory, ETH was likely to breach the resistance at $139. However, if the price does fall, there are two points of support at $122 and $110.

According to the MACD indicator, a bearish crossover was a certainty. The RSI indicator also echoed bearish sentiments as it was headed towards the oversold zone.

Lisk [LSK]

Source: LSK/USD, TradingView

Lisk saw much-needed revival over the past 48-hours as the coin surged close to 10 percent. The price of LSK was $0.94, at press time, and had a market cap of $116 million. However, the price of LSK seemed to be very close to testing the support at $0.93. If the bullish sentiment were to sustain, LSK’s price would be on course to test the resistance at $1.06.

According to the Bollinger Bands, after a period of high volatility, LSK had stabilized. The moving average was just below the price and was acting as support. After witnessing a bullish crossover, the MACD indicator was also heading towards a reversal as the signal line was likely to soon go over the MACD line.


Source: NEM/USD, TradingView

Just recently, NEM was in the news as its developers released standards for the issuance of security tokens. Out of the three altcoins, NEM was…

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