Loopring

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Loopring price prediction suggests LRC might perform well in the coming months.</a> </li> 
 <li> <span>2</span> <a>LRC price surged approximately 12% in the last trading session and attempted to break out of the $0.3000 level.</a> </li> 
 <li> <span>3</span> <a>The 50-day EMA positively intersected the 200-day EMA and it shows a golden crossover.</a> </li> 
</ul> 
<p>Loopring price prediction suggests that a significant rise in its value is possible and bulls will lead the rally. It is forming a bullish trend reversal pattern, which indicates that the correction and consolidation is over.&nbsp;</p> 
<p>LRC price surged 12% in the last trading session and formed a giant bullish candle. The EMAs also positively intersected and displayed a golden crossover which fueled the further rally.&nbsp;</p> 
<p>It attempted to break out of the $0.3000 barrier with a high buying volume. Unfortunately, the price closed by forming a long-tail bullish candle. However, in today’s session, <a href="https://www.thecoinrepublic.com/2023/09/16/loopring-price-prediction-will-lrc-price-rise-above-20-day-ema/" target="_blank" rel="noreferrer noopener">LRC</a> did not give the follow-up, and profit booking continues.&nbsp;</p> 
<p>At present, the price is retracing back to the 50-day EMA which may act as immediate support. The recent up move is supported by a massive buying volume. Some big players might have injected the money. Therefore, they will try their best to defend the buying zone near $0.2400.&nbsp;</p> 
<p>The chart pattern looks bullish till the price is sustained above both the EMAs. So, it’s better to accumulate LRC on dips until signs of weakness are visible.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-is-loopring-price-getting-ready-for-a-massive-rally-strong"><strong>Is Loopring Price Getting Ready for a Massive Rally?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1600" height="698" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-511.png" alt="Loopring Price Shot Up 12%; Are Bulls Getting Back into the Game?" class="wp-image-184832" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-511.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-511-300x131.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-511-1024x447.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-511-768x335.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-511-1536x670.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-511-750x327.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-511-1140x497.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.tradingview.com/x/Pvw7mGUs/">LRC/USDT</a> daily chart by Tradingview
  </figcaption>
 </figure>
</div> 
<p>Loopring price is trading near to the six-month high. It performed well in the last few weeks and created a positive hope for its long-term investors.&nbsp;</p> 
<p>The sudden rise in price as well as in trading volume indicates a sharp directional move may come. If the buyers succeed in pushing the price above the $0.3000 level, more upside will open and new investors might participate in the rally.&nbsp;</p> 
<p>The analysis suggests that the <a href="https://www.thecoinrepublic.com/2023/09/16/loopring-price-prediction-will-lrc-price-rise-above-20-day-ema/" target="_blank" rel="noreferrer noopener">LRC crypto</a> is in the initial phase of a bullish trend reversal and the dominance of buyers is visible.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-lrc-price-is-in-the-recovery-phase-strong"><strong>LRC Price is in the Recovery Phase</strong></h3>  
<div class="tradingview-widget-container"> 
 <div class="tradingview-widget-container__widget"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-advanced-chart.js" async>
  {
  "width": "900",
  "height": "550",
  "symbol": "BINANCE:LRCUSDT",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "support_host": "https://www.tradingview.com"
}
  </script> 
</div>  
<p>LRC price is in the recovery phase and buyers are trying their best to hold the recent gains. However, if the situation reverses and the price slips below $0.2400, the recent up move might be considered a bull trap. Besides, the sellers may pull the price to the previous low.&nbsp;</p> 
<p>The supertrend favors the bulls and says till the price holds $0.2204 the trend will remain upward. The RSI at 56 cooling off after hitting the overbought territory, which denotes the LRC price is near the neutral zone.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Loopring price prediction is bullish for the long term. However, LRC will gain momentum if it breaks out of the $0.3000 hurdle. As long as the $0.3000 barrier is there, the probability of a massive rally remains low.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $0.3007 and $0.3400</li> 
 <li>Support levels: $0.2285 and $0.1956</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Loopring Price Shot Up 12%; Are Bulls Getting Back into the Game?

Inhoudsopgave

Thecoinrepublic.com

Andere artikelen gepubliceerd op 18 dec 2023

Bitcoin Spot ETF: Bitwise Advert Stirs Hope for Upcoming Approval

Bitcoin ETF: Ark 21Shares Succumb to SEC Redemption Model

Bitcoin Price Drop: Will It Fall Below $40,000?

24 Crypto Update, 17: Warren's AML Act Sparks Crypto Regulation Fears

Analysis of Bitcoin Network Metrics Highlights Sustainability Concerns

Shiba Inu Turned $100 Investors Into Millionaires. Can New Meme Coins Replicate This Success

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!