$LRC looks like it's poised for some upside here if it can get above the $.1995 level.
I've marked off key resistance levels that price would need to break through to continue moving higher. Let's see how it plays out over the coming weeks/months.
On September 23rd, I outlined the Bullish Case for SRM/LRC, which has played out. Stop Losses are now drastically in profit. This rally is holding the primary mid-term moving averages and looks to continue the rally.
LRC is currently flattening at the bottom of a massive descending triangle. Breakout to .4 seems possible, but if we reject this range we could drop to the low .20s. DCAing a large position in this one, as I think we will see $2+ next bull run.
Picking up this long setup on LRC following BTC's weekend dump. Right now TP is set to a wave resistance. TP will be calculated more accurately in the event this trade shows some life.
Shorts remain active.
I feel like the diagonal resistance lines are more meaningful than the horizontal ones. A move to the downside will ruin the momentum. I seen the whales are all over this one by the way the price moves might have to buy soon.