LBC was one of the most pumped coins on poloniex in the month of June last year but after making a top of 38600 satoshis, it broke down to the trend and retraced to the previous lows (1400 satoshis) during the bearish phases of the market. However, things are starting to reverse and we have already seen some coins pumping multifolds but the question is, "WHEN LBC MOON SIR?"
LET'S TAKE A LOOK AT THE CHART TO GET MORE IDEA OF WHAT IS IN THE MAKING :
We can clearly see it was being accumulated in the 1400-3000 satoshis zone and after breaking out of the rectangular area, it made a high of almost 9000 satoshis and retraced back to 4k-ish zone and currently consolidating. MACD is also squeezing up but there is no sign of reversal yet so we think it's better to let it settle down and find a decent bottom.
WHAT WE THINK?
According to us buying range is 0.00003500 to 0.00003800 and the targets as shown in the above picture, if it breaches the first resistance that is the 10k zone, further targets are shown as the rectangular boxes which are the highs of June-July 2017. Please note that the targets according to us are meant for hodlers and not for day traders. If history repeats itself then we think LBC is going to bring us a fortune in 2018. ;)
DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE BUT THE BEST POSSIBLE PRICE FORECAST ACCORDING TO US. PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ACTIONS.
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thanks for the post.
Hello @naimbiswas, thank you for the comment! :)