LCX - Analysis

LCX has been up 20% in the last 24 hours. The price of the currency had a good rally with support in the $0.0440-$0.0453 range, and its previous bottom broken in the $0.0500 range was retaken by buyers. This support range can now be an area for further price growth if the price pulls back to it. Two dynamic resistances are drawn on the chart. The first resistance in the $0.0570 range has prevented the price from going any further, with a strong negative reaction. But if this range turns into support, further growth is in store for this currency, and the next target is in the $0.0670-$0.0675 range.