- Loopring coin outperforms over the monthly chart, as the crypto asset is given 10X returns to the investors in the last 30-days.
- The digital asset is presently struggling near the $3.00 mark and is currently placed above its vital moving averages of 20, 50, 100, and 200-day lines.
- The pair of LRC/BTC is trading at 0.00004534 BTC with the flat intraday activity of -0.77%, and the ratio of LRC/ETH is CMP at 0.0006343 ETH with a 24-hour change of -0.80%.
Loopring coin price at the monthly chart is trading on a positive note and still looking positive for further positive momentum. The crypto asset over the monthly chart is trading in a strong uptrend while getting nearly 10x from the monthly lows of $0.3685 to $3.85. The overall medium to long-term trend is still bullish, as the crypto asset is trading above all significant DMA lines of 20, 50, 100, and 200-day lines. Moreover, the volume activity is also increasing and needs to improve more to move above $4.00.
The short-term trend is slight, suggesting slight caution, as the coin has already given a strong move from lower levels. Support on the lower side is $2.62 and $2.02, whereas resistance on the higher side is $3.36 and $3.85.
Loopring coin has given breakout from descending triangle pattern
Loopring coin at the 4-hour time frame has given breakout from the descending triangle pattern, but volume activity is lower. Similarly, the technical parameters are trading flat with no sign of any significant momentum. Volume over the chart is lower and needs to improve enormously for the next lap of bullish momentum. LRC price is trading at $2.99with an intraday gain of +1.78%, and the volume to market cap ratio is 0.5274.
Relative Strength Index (NEUTRAL): Loopring coin RSI is heading flat after a decline from the higher zone. The coin is trying to recover from the current levels after selloff from higher levels and RSI at 53.
Moving Average Convergence Divergence (NEUTRAL): The daily chart projects a mixed trend with an upcoming positive crossover at the 4-hour time frame. At the same time, the buyer’s signal line (green) and the seller’s line (red) overlaps.
Support levels: $2.62 and $2.02
Resistance levels: $3.36 and $3.85.