2026-01-09 05:27:35

LBC (LBRY Credits) is showing interesting price action on the PoW side. After years of consolidation, we're finally seeing a series of higher lows materializing since 2021, which marks a significant shift in momentum. The chart is displaying a textbook local double bottom pattern—exactly the kind of setup that tends to spark renewed interest when it breaks decisively above resistance.

For traders monitoring altcoin behavior, this kind of technical structure is worth keeping an eye on. The fact that higher lows are forming suggests institutional or determined retail buyers are stepping in at lower levels, preventing further downside penetration. Whether this turns into a sustained recovery depends on volume confirmation and broader market conditions, but the pattern itself is undeniably bullish structurally.

If you're into technical analysis and tracking PoW-based assets beyond the mega-caps, LBC's current setup could be a case study in how patience and proper accumulation phases eventually show up on the chart.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
6
Repost
Share

Comment

0/400

SybilAttackVictim

· 19h ago

I've been watching this LBC token for a while, and the double bottom does have some potential... But to be honest, these small coins tend to attract fakeouts once they break support. We need to wait until the trading volume truly picks up before making any moves.

View OriginalReply0

FloorPriceNightmare

· 01-09 05:57

LBC has been consolidating for so long, and finally there's some movement. The double bottom breakout definitely feels promising... but it depends on whether the trading volume can keep up; otherwise, it might just be a false breakout.

View OriginalReply0

ShamedApeSeller

· 01-09 05:57

lbc, this thing that has been dormant for years, is finally showing signs of movement... Double bottom does have some significance, but small coins like this are always vulnerable to being crushed. Let's wait until it breaks through before making any judgments.

View OriginalReply0

DefiPlaybook

· 01-09 05:41

According to on-chain data, the high and low point sequence of LBC since 2021 has formed, and the TVL rebound has reached 28.4%. However, it should be noted that—double bottom breakouts are often accompanied by a false breakout risk of about 42%, so caution is advised.

View OriginalReply0

GasFeePhobia

· 01-09 05:31

LBC, this old-timer, finally showing some movement... The double bottom pattern looks quite comfortable, but to be honest, this small coin is probably just a pump before another round of profit-taking. Let's see if the trading volume will give us some face.

View OriginalReply0

CryptoNomics

· 01-09 05:29

*sigh* double bottom pattern? that's literally just confirmation bias dressed up in candlestick clothing. did you even run a regression analysis on the volume-weighted price correlation matrix, or are we just pattern-matching tea leaves again?

Reply0