Loopring

Momentum

Resistance

Parallel

<ul class="list-ic vertical">
 <li><span>1</span> <a>LRC price continues to establish the rising parallel channel.</a></li>
 <li><span>2</span> <a>Buyers look confident and were gaining traction in recent sessions.</a></li>
</ul>
<p>LRC price continues to steal gains and is pivoting upward movement, replicating bullishness in the recent sessions. Moreover, the price action indivates strong buying momentum and that bulls persisted in stretching the gains. Amid the positive global sentiments, the chart shows that LRC has ended the correction and reversed the trend.</p>
<p>LRC price is trading above the key moving averages and is pivoting the bullish momentum, which confirms the bullish stance on the chart. Furthermore, the trend is strong, and fresh buying momentum was witnessed, which gave a strong conviction that buyers have a strong grip and are likely to up the pressure soon. Per the ongoing trend, LRC is prepared to hit the swing high of $0.4000 and will reach the blue sky zone soon.</p>
<p>The live price of Loopring is $0.322, with an intraday drop of 1.31%, showing neutrality on the chart. Moreover, the trading volume increased by 21.47% to $102.10 Million. However, the pair of LRC/BTC is at 0.00000768 BTC, and the market cap is $406.24 Million. Analysts have maintained a neutral rating, suggesting that the rally will continue in the following sessions.</p>
<h2 class="wp-block-heading" id="strong-lrc-on-daily-chart-displays-rising-parallel-channel-strong"><strong>LRC on Daily Chart Displays Rising Parallel Channel&nbsp;</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="474" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-757-1024x474.png" alt="" class="wp-image-186197" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-757-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-757-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-757-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-757-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-757-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-757-1140x528.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-757.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><strong>Source: <strong><a href="https://in.tradingview.com/" target="_blank" rel="noopener noreferrer nofollow">LRC/USD</a> Chart</strong> by TradingView</strong>
  </figcaption>
 </figure>
</div>
<p>On the daily chart, LRC price overextended the neutral trajectory and approached the bullish territory, replicating bulls’ dominance in the recent sessions. Moreover, the technicals are highlighting the follow-on buying outlook, and buyers have persisted in stretching the rally and have delivered a breakout.</p>
<p>The relative strength index (RSI) curve stayed in the overbought zone and formed a positive divergence, suggesting a bullish stance for the following sessions. The MACD indicator shows a bullish crossover and formed green bars on the histogram, suggesting that the performance will continue in the following sessions.</p>
<h2 class="wp-block-heading" id="strong-will-lrc-price-surpass-200-day-ema-barrier-strong"><strong>Will LRC Price Surpass 200 Day EMA Barrier?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="474" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-756-1024x474.png" alt="LRC price" class="wp-image-186191" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-756-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-756-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-756-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-756-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-756-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-756-1140x528.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-756.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><strong>Source: <a href="https://in.tradingview.com/" target="_blank" rel="noopener noreferrer nofollow">LRC/USD</a> Chart by TradingView</strong>
  </figcaption>
 </figure>
</div>
<p>On the weekly chart, LRC price caught a u-turn from the demand zone of $0.1500, surging over 100% in the recent sessions. However, the <a href="https://www.thecoinrepublic.com/2023/12/08/lrc-is-showing-bullish-strength-and-can-continue-to-rise-higher/" target="_blank" rel="noopener noreferrer nofollow">LRC coin price</a> is close to the 200-day EMA hurdle, and buyers are trying to surpass it to soar further.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>LRC price has recuperated from the bottom zone and highlighted buyers’ accumulation in recent sessions. Furthermore, the technicals portray the trend reversal, and buyers are keen to overtake the 200-day EMA. The RSI and the MACD charts show bullish crossovers. Analysts have given neutral ratings for the upcoming sessions.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.3000 and $0.2850</p>
<p><strong>Resistance Levels:</strong> $0.3400 and $0.3800</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

LRC Price Prediction: Loopring Picks Up Momentum Above $0.3000

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