LBC/BTC has dropped to historic lows.
Keep in mind, this is a real company with a real development team creating real software. One of the few shitcoins with an actual team behind them.
When altcoin season begins, pumps will be in low cap coins, just like LBC. LBC has a lot of room to move, as well. The resistance zones are way above the current price.
Looking at LBCBTC 1D
Sitting at the bottom of the range
Also sitting on the POC
2 very nice notched in VPVR that needs filling
Very healthy OBV with positive flow
Willy not yet stupidly over sold
Would like to see some divergence in histogram
Broken out of downward trend
Target is the 382 fib which is former resistance
* Don't forget to hit that like button and...
Last monthly support level was around 900 satoshis. After it was lost #LBC has been trading pretty much in a downward direction and mostly not hitting a bottom.
There have been few weekly levels that have been formed and tested out as the moves tried to recover. Currently trading at 180 satoshis, it sits between 2 daily levels recently recorded at 170 satoshis...
There are some things to like here; TEMA has crossed over, volume is building, S/R is strong based in history. Watching for RSI to stop and bounce up, clearing resistance at 0835 and then the tough one at 0871. I like this coin and how it has been good for people over the years, one of cryptos orignals.
LBC Ascending triangle, look for break of upper limit. Upper limit coincides with 0.786 fib level. Once broken, we're looking at each fib for targets
Target 1: 1100 sat
Target 2: 1250 sat
Target 3: 1450 sat
Target 4: 1700 sat
$LBC is in accumulation phase. It's one of those alts with low capitalization, liquidity and huge PPT.
PPT can be even higher 5392% is quite conservative based on the chart.
Team is quite active in Twitter and GitHub and community as well.
Green - buy. Red - sell.
It's not a financial advice.
Trade carefully and good luck!
Currently sitting at 595 sat it most likely test the trend line and will try to move up to the 620 daily level and it if breaks the wedge it will face strong resistance towards the 655 level making it very hard for it to break the current channel and strong move towards the 750 sats level will find support of the weekly and monthly levels.