LCX Price Prediction: 2024, 2025, 2030

LCX price prediction: Key highlights

1. Primary support and resistance levels

• $0.38 was noted as the peak resistance level on the weekly chart.
• Meanwhile, $0.03 was established as the lowest price floor.

2. Market sentiment

• The market appears to be bearish in September 2024.

3. Predictive forecasts

• Our AI/ML-powered predictive algorithms forecast the average price of LCX to reach $0.50 by 2032 and $0.60 by 2035.

Discover essential details about LCX via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

LCX technical analysis: Price holds steady under seller stronghold

Analyzing the LCX price chart over the past year unveiled a narrative of struggle under persistent bearish pressure. Therefore, the LCX price prediction for 2024 paves the way for examining what the future holds for this asset.
 

The analysis commenced with the token slightly dipping below $0.03 in September—the lowest support within the analyzed time frame. After reclaiming this level, the price stabilized over it for over a month. This gave the bulls enough time to regroup and start another rally. Consequently, the asset made higher highs to reach $0.30 by the end of January. 

This level proved to be a staunch barrier for further upside, with repeated tests failing to make a difference. However, the declines were contained at $0.22. Remarkably, the price surged over it in late March to test the highest yearly resistance at $0.38. Nonetheless, the asset’s prolonged overbought status triggered a corrective price drop.

Subsequent attempts to mimic the previous recovery between late April and May waned as the market turned red. Continuous drops dragged LCX below $0.22 by mid-June. After falling to $0.15 in July, the bulls used it as a base for recovery. 

The uptick was unsustainable. Furthermore, increased selling pressure pulled the price to $0.11 in August. LCX has since remained stable at this support. At the time of writing, the exchange-based token was trading at $0.12. 

If the market exhibits resilience, the altcoin could break above $0.15. This could propel the token's price to $0.22 in the short to medium term. Overcoming this level would represent an advance towards the peak resistance. 
 

Nonetheless, a bearish attack could return the price to $0.11. Moreover, an increase in selling pressure can lead this level to falter, thus extending the downward momentum. In this case, LCX can likely retest the downside targets of $0.07 and $0.03.

Our models project slow but continued growth for the altcoin, forecasting an average price of $0.50 by 2032. This projection implies that LCX will be close to reclaiming its all-time high (ATH) within this timeframe. By 2035, the asset is anticipated to achieve an average trading price of $0.60, reflecting modestly optimistic long-term growth expectations.

LCX's 2024 roadmap: Key indicators to watch and trade

• The trading volume remained lackluster while bearish trends dominated the market. However, the uptrend from November saw intermittent spikes in volume that only appeared until March. After this, the volume dropped again and returned to its previous lows in Q2 2024.
• The On-Balance Volume (OBV) registered negative values throughout the analysis. It remained relatively flat until mid-November, followed by a continued ascension until April. 
• Subsequently, the indicator reversed its course to stabilize again. As of the latest reading, the OBV stood at -231.803 million. This signified substantial selling pressure.
• The Awesome Oscillator (AO) rebounded above the zero line towards the end of November, showcasing a significant increase. The positive values decreased in March before briefly recovering. A similar pattern was observed in April. 
• Yet this time, the indicator continued to shed its values, dropping below zero by July. It closed at -0.1009, painting a bearish picture for LCX.