The LCX token experienced immense hype over the past month, and in the last two weeks, nearly every content creator and influencer on the web discussed its potential for a 10x-20x increase or more. However, despite the buzz, the chart doesn't reflect the same enthusiasm. The price struggled to surpass the 0.03 mark, and rallies were consistently met with selling pressure.
Furthermore, upon examining the 4-hour chart, it's evident that the token broke below the neckline of a Head and Shoulders (H&S) pattern. Considering these factors, it's possible that the token could decline to 0.02, which represents an old support level. If there's a correction across the cryptocurrency market, the target for the H&S pattern could extend even lower, potentially to
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Lcx failed again towards 0.3, with BTC ready to correct hard and considering the volatility of this tocken, 0.15 becomes highly probable
@Ajpor, I will make analysis tomorrow Probably a new high and correction after. 45k is not out of the question I will sell if is going above 53k
arkinn_ucuz
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Min $1
Mihai_Iacob
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@arkinn_ucuz, we ll see. Touched 0.2 zone yesterday, as expected... I think it needs to drop to 0.15 first and then we ll see. Anything is possible though and as volatile as it is...
arkinn_ucuz
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I don’t think ever go down again
Mihai_Iacob
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@arkinn_ucuz, I m not short, so... I don t buy here, at 0.15 I would though If is not going there, that s it:)
MyCryptoParadise_Nathan
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It's interesting to see the disparity between the hype surrounding LCX token and its actual price performance reflected in the chart.
Yes , think it hit top of the Ichimoku cloud also .
Mihai_Iacob
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@shimmeringpath, thanks for imput. Haven't looked at Ichimoku... Anyway, to much hype and the price couldn't stay above 0.03. 0.15 is really a possibility for this one