On May 8, the LBRY Credits / Bitcoin pair broke the initial resistance of 0.00007. The breakthrough advanced the market to a record high of 0.00038478 on 21 June. The rapid rise of the pair was its destruction. On June 28, it recorded a lower maximum of 0.0002862. The next step was an attempt to exit the market, as the pair fell below 0.000125 on July 11
It took 5 months to market in order to stabilize. The pair set support at the level of 0.000015 on December 7. Since then, the market has rallied. She even tried again to break the resistance 0.00007.
Technical analysis shows that the market is on the way to creating a bullish reversal. Although the pair retreated after a short-term transition above 0.00007. This helped the market to find a new batch of investors, who, most likely, will stick to their positions. More importantly, the recent failure gave us the opportunity to buy cheap.
The strategy is to buy as close as possible to the support of 0.000055. A recent pullback gives the market the best chance to successfully pull the resistance down to 0.00007 in its next attempt.
The daily schedule of LBRY / Bitcoin loans at Poloniex
На момент написания этой статьи, пара LBRY Credits / Bitcoin торгуется на уровне 0,00006023 на Poloniex.