$LRC /ETH is showing short-term strength, but it is not as clean as the price jump might suggest. The current price around 0.00002120 is trading above all key EMAs, with EMA(7) above EMA(25) and EMA(99). That alignment usually supports a bullish bias, and the recent 24h high near 0.00002156 confirms buyers are active. However, the wick near the highs hints at hesitation. This is not aggressive accumulation, it looks more like momentum traders pushing price while longer-term participants stay cautious.
Volume tells a mixed story. While price moved up sharply, candle volume is not expanding proportionally, and the moving averages on volume are relatively flat. That often precedes short-term exhaustion rather than continuation. The bounce from the 0.00001860 low was strong, but it happened fast, which increases the risk of a pullback toward the EMA(25) zone near 0.00001995. If price fails to hold above 0.00002070, the structure weakens quickly and the move starts to look like a liquidity sweep rather than a trend shift.
$LRC In short, momentum favors bulls, but conviction is questionable. As long as price holds above the 0.00002000 to 0.00002040 range, upside retests are possible. A clean break above 0.00002156 with volume would change the conversation. Until then, this looks more like a trade than an investment. Chasing here is risky, and bears are not out of the picture yet.
