Technical analysis by DesireToTrade about Symbol LCX: Buy recommendation (7/19/2023)

After an incredible surge of 370%, the price took a downturn over the subsequent 123 days, resulting in a loss of 65% from the earlier gains. However, in late May, there was a break out from this down trend, hinting at the start of a new cycle. Wave 1 of the new cycle took place June 11th to June 27th with a price increase of 61%. Wave 2 of the new cycle appears to be concluding after a 29% retrace to it's current price and the .618 Fibonacci level. LCX has displayed rapid increases, surging by 370% in just 29 days and 61% in 16 days. Based on this trend, significant increases are expected to occur in wave 3.