$LRC has experienced a 3.48% increase in the past 24 hours, currently hovering near the upper Bollinger Band at 0.1169. This proximity suggests potential overextension, indicating a possible price reversal unless momentum carries it higher. With support at 0.099 and resistance at 0.1193, traders should monitor the price around the upper band closely. Volatility appears to be contracting, which could signal a breakout or consolidation soon. A prudent approach would involve setting stop-loss orders around 0.113 to manage risk effectively. Recommend waiting for confirmation before entering positions or consider setting alerts for significant price movements.
