Around 6 weeks ago I made an analysis on LRC where I talked about the bubble that LRC was trading in. As initially anticipated, LRC was trading in an area of despair and is currently reverting to the mean.
Smart money saw this area of despair as an opportunity to load up and accumulate. After a 85% drop from the all-time highs, LRC might see a strong pump in the coming weeks/months.
Not sure if we're going back to the ATH value, but a >$2 value is definitely possible.