Banned from Reddit loopingorg for life for posting this as a meme at the 'to the Moon' paperhands guys.
LRC needs to get back into and above now or it's going to take its sweet time getting back to its original trend line. 60-70 cents.
*There is NO resistance down to 60 cents*
LRC has shown reversal signs, but hasn't shown any sign of real strength to capitalize. Without any resistances that could bleed this out.
BUT if you look at the weekly - it's hitting the ma right now and This could be the pivot point to reversing. If we do not hold the weekly ma we are going down much further and LRC will be a regular pump and dump with all rumor no fruit.
LRC needs to get back into and above now or it's going to take its sweet time getting back to its original trend line. 60-70 cents.
*There is NO resistance down to 60 cents*
LRC has shown reversal signs, but hasn't shown any sign of real strength to capitalize. Without any resistances that could bleed this out.
BUT if you look at the weekly - it's hitting the ma right now and This could be the pivot point to reversing. If we do not hold the weekly ma we are going down much further and LRC will be a regular pump and dump with all rumor no fruit.
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