Following a key announcement from the company yesterday, the Life Clips Inc (OTCMKTS:LCLP) stock was in the middle of a strong rally and ended up with gains of as much as 12%. Considering the fact that the company is likely to come into the radars of investors this morning, it might be a good idea to take a look at the actual announcement.
Trading Data
On Monday, LCLP stock surged 12% at $0.0224 with more than 24.64 million shares, compared to its average volume of 42.78 million shares. The stock has moved within a range of $0.0205 – 0.0240 after opening trade at $0.0214.
Life Clips Subsidiary Belfrics Lists Belrium On LBank Exchange
The company announced on Monday that Belfrics Belrium was finally launched on the LBank exchange. It should be noted that Belfrics Belrium had been paired with the USDT in the exchange. Belfrics is a subsidiary company of Life Clips and the announcement is a significant one for the company’s long term ambitions in the digital assets industry.
In this regard, it is also necessary to point out that LBank is one of the more prominent digital asset exchanged in the globe at this point and is ranked among the top 10. At this point in time, the exchange boasts of as many as 4.8 million users and the daily trading volume has sometimes reached $1 billion. It has been suggested that those at Belfrics Belrium believe that the launch on LBank could eventually lead to launches on other exchanges.
Technical Data
LCLP stock is trading below the 20-Day and 50-Day Moving averages of $0.0244 and $0.0270 respectively. However, the stock is above 200-Day moving average of $0.0166. The stock is down 13% in the past month.
