Looking at the weekly chart of LBCUSD it seems that it has made a major double bottom at around $0.066 USD, after being in a downtrend since it started trading. freeonlinetradingeducation.com/double-bottom.html
The double bottom was confirmed when it climbed above $0.036 USD, the January 2020 highs. And now it seems it is back testing the breakout for a little bite before it resumes moving higher.
It still a long way to go before it reaches the January 2018 highs of about $1.30 USD, like 31 to 1 in terms of price.
LBRY provides a platform for uploading video content and giving incentives to viewers and content creators, which seems to be gaining ground pretty fast now that Youtube is censoring so many Crypto related channels, as well as channels related to other topics. As many Youtubers are finding refuge in LBRY services.
It is ranked 173 in Coin Market Cap, coinmarketcap.com/currencies/library-credit/ , with a Market Cap of over $15.3 million USD, and it seems like a good coin to hold over the long run.
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