LBC has proven its affection for 0.618
bouncing three times of the fib level
Some trend lines can be drawn between the wicks and a wedge can be generated
Likely will break upward after a breakout of this formation
Analysis to follow the intraday price or take advantage of scalpings.
The next resistance in the short term that LBC wants to retest and break is $ 0.125 to $ 0.137, if it does so strongly and manages to go above $ 0.16, it will most likely find its second strong resistance at 0.2 $.
However, this analysis is valid in the short term (1 hour), if the price never...
If bitcoin manages to stay stable between 30k to 35k for weeks, we can see bullish outlook in LBC towards the next highs already reached before, such as:
Tp1: $ 0.10;
Tp2: $ 0.135
Tp3: $ 0.15
However, Lbc can also consolidate its price between $ 0.064 to $ 0.09 and it's still great.
Scythe pattern present along with falling wedges
This coin is undergoing extreme accumulation
Yellow channel optimal by zone if the bullflag / falling wedge reaches there.
This is the four hour chart,
One of my preferred ideas for LBC :D