As we can see the LBC price is strongly corelated to Bitcoin and also going south. Only today LBC lost over 10%. It is pretty unlikely to see the level of 4 cents soon.
After a large, short increase which gave us hope for trend change LBC price is going south again. We may see the resistance at 0,02$ but we are still in a strong downside trend.
Bitcoin market domination in last days growing up rapidly. That simply means that we are witnesses of just "Bitcoin season" and the altcoins have to wait for their turn. Bitcoin is getting stronger much faster that other cryptocurrencies.
Since the local high at 6,5 cents LBC is dropping down. Now we can see some resistance on the 3 cents level but is pretty unlikely that it will hold. Only chance for LBC to grow up is the situation when Bitcoin price go over 10K USD.
Will Bitcoin rise over 10.000 USD before halving? Very soon the halving decrease rewards on mining Bitcoin by half. Historically near the date of halving price went up. Is this time different?
Lately Bitcoin dominance is slowly going down. That means that Bitcoin losing faster than all the altcoins. Maybe we will be witnesses of "alt season" :).