Loopring Price Prediction: Breaking Resistance at $0.40
The Loopring price is showing signs of breaking above the $0.40 resistance level as LRC reaches its daily high. This is an exciting development for investors looking to capitalize on the cryptocurrency’s upward momentum.
Loopring Prediction Statistics Data:
- Current Loopring price: $0.185
- Loopring market cap: $247.9 million
- Loopring circulating supply: 1.33 billion
- Loopring total supply: 1.37 billion
- Loopring Coinmarketcap ranking: #108
LRC/USD Market Analysis:
Key Levels:
Resistance levels: $0.230, $0.240, $0.250
Support levels: $0.150, $0.140, $0.130
The LRC/USD pair is currently trading at $0.185, but it has reached a new daily high near the $0.199 resistance level. The coin is displaying a bullish movement towards the upper boundary of the channel. If the price dips below the 9-day and 21-day moving averages, sellers may attempt to enter the market, but the bulls are expected to take advantage of the price dips.
Loopring Price Prediction: LRC Ready to Gain More
To maintain the uptrend, Loopring needs to hold the newly touched $0.199 resistance level. The Relative Strength Index (14) is currently below the 50-level, but a cross above it would generate more bullish signals, attracting more buyers to the market. If Loopring crosses above the upper boundary of the channel, the coin is likely to continue its uptrend.
In the event that the 9-day moving average’s red line crosses above the 21-day moving average’s green line, Loopring may perform well and reach resistance levels at $0.230, $0.240, and $0.250. However, if the technical indicator turns southwards, a slight bearish drop could bring the price down to support levels of $0.150, $0.140, and $0.130.
LRC/BTC Spikes to the Upside
Against Bitcoin, Loopring’s price is currently above the 9-day and 21-day moving averages, reaching a daily high of 766 SAT. The Relative Strength Index (14) is expected to cross above the 60-level, indicating further upward trends.
On the daily chart, the potential resistance level for Loopring against Bitcoin is at 800 SAT and above. However, a sustained downward move could cancel the bullish pattern, attracting new sellers to the market with the next support level at 600 SAT and below.
Loopring Alternatives
Based on the daily chart, the next step for Loopring’s price is to break above the upper boundary of the channel. Once this occurs, bulls may push the coin towards the nearest resistance level at $0.210. With a large following, Loopring is expected to soar during the next meme coin bull run.
For investors looking to maximize gains while speculating on meme coin assets, Loopring is a great option. With a successful presale phase raising $25 million, the token is eagerly awaiting its official launch in the next few days. The time to invest in Loopring is now.
Hot Take:
Loopring’s price is showing strong potential for growth as it breaks resistance levels and maintains an uptrend. With its increasing market cap and rising popularity, Loopring is a cryptocurrency to watch out for. Don’t miss the opportunity to invest in this promising project.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
