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Life Clips Inc (OTCMKTS:LCLP) Stock Sees Profit Booking After The Recent Jump

Jon Williams , , , ,

On Thursday, the Life Clips Inc (OTCMKTS:LCLP) stock corrected sharply and went down by as much as 5% as a consequence. However, at the same time, it is also necessary for all investors to keep in mind that over the course of the past week the Life Clips stock hasn’t performed badly and is up by 4% in the period.

Market Stats

On Thursday, LCLP stock decreased 5.4% at $0.0213 with more than 19.24 million shares, compared to its average volume of 36.48 million shares. The stock has moved within a range of $0.0200 – 0.0235 after opening trading at $0.0217.   

Life Clips Subsidiary Belfrics Selects Coincover Technology To Secure Its Customer’s Crypto Assets

In this situation, it may be a good idea for investors to take a look at the announcement made by the company yesterday. The company announced that its unit Belfrics India selected the services of consumer protection technology from Coincover for the purpose of providing adequate safety to the crypto assets of its clients.

It was an important announcement considering the fact that safety of digital assets is something that all customers look for when they choose a trading platform. Belfrics had been established in 2014 and currently its operations are spread across many nations in the world. The company’s trading platform offers some of the most popular cryptocurrencies to its traders.

The cryptocurrencies that are offered include Ripple, Bitcoin Cash, Bitcoin, Ethereum and Litecoin among others. It now remains to be seen if the Life Clips stock makes a rebound today or not.

Key Quote

“We are very excited to help Belfrics protect their customer’s crypto investments,” said David Janczewski, co-founder and CEO at Coincover. “Our technology provides peace of mind for investors and will enable Belfrics to stand out amongst their competitors in India.”

Traders Corner

LCLP stock has a pivot point at $0.0216. Key supports for the stock are 0.0162, 0.0181, 0.0197 and resistances are 0.0232, 0.0251, 0.0267. Moreover, RSI stands at 40.

Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.