Liquity is a decentralized borrowing protocol built on Ethereum that utilizes LQTY, a USD-pegged stablecoin. Ether holders can draw loans in the form of LQTY with algorithmically adjusted redemption and loan issuance fees.
Anyway, LQTY was in a downtrend from the start. Then, LQTY broke the major downtrend line and started to oscillate in a triangle-shaped pattern, also making a double bottom. Recently, LQTY broke the triangle pattern and started a new upward wave. Let's see how high LQTY can go.
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👉Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 🚀💸
Binance Square Family...❤️🔥❤️🔥
I hope this analysis has been helpful to you. If you have any questions, please feel free to leave a comment. I'm always happy to help.
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