๐ $LRC Down 3% โ Support & Resistance Analysis: Is a Bounce Coming?
Current price: approximately $0.1035, reflecting a slight dip (~โ3%) today.
Support Levels
โข $0.0974 โ Key 50% Fibonacci retracement (suggests support if the price pulls back)
โข $0.097 / $0.0885 โ Additional support zone; failure below $0.097 could lead to retesting $0.0885 SMA.
Resistance Levels
โข $0.1022 / $0.1023 โ Immediate resistance. Breaking this is key for near-term bullish continuation.
โข $0.1082 โ Next upside resistance if bulls push past $0.102.
โข RSI around 57โ60 indicates neutral to slightly bullish territory.
โข MACD histogram is rising, showing positive momentum emerging.
Bottom Line
โข Buying the dip at current levels may offer a favorable risk-reward setup, provided youโre comfortable with crypto volatility.
โข A break above $0.1023 could be bullish, while a drop below $0.097 may suggest further downside.
โข Use appropriate stop-loss strategies near support zones to manage risk effectively.
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๐ Start Trading Now $LRC
