The Loopring price prediction shows that LRC is likely to climb above the upper boundary to continue the upward trend.
Loopring Prediction Statistics Data:
- Loopring price now – $0.31
- Loopring market cap – $421 billion
- Loopring circulating supply – 1.33 billion
- Loopring total supply – 1.37 billion
- Loopring Coinmarketcap ranking – #88
Resistance levels: $0.38, $0.40, $0.42
Support levels: $0.24, $0.22, $0.20
LRC/USD is currently changing hands at around $0.318 as the coin touches the daily high at $0.327 with a market cap of $421.2 million. Today’s trading begins with a tremendous uptrend in the market as the coin hovers above the 9-day and 21-day moving averages. However, according to the daily chart, traders are anticipating that the current price movement is an indication of the upcoming price rally in the market.
Loopring Price Prediction: LRC/USD May Gain More Uptrends
Looking at the daily chart, the next step for the Loopring price is to stay above the 9-day and 21-day moving averages. Once this is done, bulls may now push the coin above the upper boundary of the channel to touch the nearest resistance level at $0.35.
However, as the technical Indicator Relative Strength Index (14) crosses into the overbought region, LRC/USD may continue to move to the north, once this plays out, it can manage to sustain the bullish movement toward the resistance levels of $0.38, $0.40, and $0.42. Meanwhile, if the price decides to make a quick turn to the south, the support levels could be found at $0.24, $0.22, and $0.20 respectively.
Against Bitcoin, the Loopring is moving to cross above the upper boundary of the channel as the coin faces the north. At the moment, bulls are to push the coin to the positive side as the technical Indicator Relative Strength Index (14) moves above 60-level.
However, if the bulls push the price above the channel, LRC/BTC may rise to the resistance level of 1600 SAT and above. The continuation of the bullish movement may keep the price above the moving averages, but crossing below the 9-day and 21-day moving averages may cause the coin to hit the support level of 1100 SAT and below.
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