LRC coin is currently experiencing a notable upward trend, attracting the attention of analysts and investors alike. The presence of an ascending triangle pattern suggests a strong buying opportunity, supported by a solid volume profile.

The support line of the ascending triangle indicates potential for further price increases. After a breakout, forecasts predict that the price could reach $0.29, with longer-term targets projected at $0.54. Additionally, market dynamics are shifting, as Bitcoin’s dominance is showing bearish signals after breaking its bull flag support line.

These changes, along with a bearish outlook on USDT dominance due to a head and shoulders pattern, imply that a decline in USDT could trigger a significant rally in the wider cryptocurrency market. Investors are advised to consider LRC for spot purchases, with an entry price around $0.21 and an initial target price of $0.30. For those seeking more insights and trading strategies, live trading sessions are available through select platforms.

📎 Read the original article on binance.com