- The current market price of the Loopring token is $0.1954 and its market capitalization as of 01 November 2023 is $264.204 million.
- Loopring is a decentralized cryptocurrency developed on the Ethereum blockchain.
The Loopring token (LRC) bills itself as “an open-source, audited, and non-custodial exchange protocol.” It uses zero-knowledge proofs (ZKPs) protocol. A well-liked technique for boosting cryptocurrency privacy, to enable anyone to create non-custodial, decentralized exchanges on top of it. ZKPs guarantee that users always have control over assets.
Market Information About Loopring Token
LRC coin’s market cap decreased by 1.39% at the press time. The volume of the LRC Token increased by 34.95% in the last 24 hours. The ratio of tokens is unequal. The $21.996 million value of the LRC Token was traded on the last day. the LRC Token is now ranked 118th among 8,813 active cryptocurrencies in the world by market capitalization. The liquidity of the LRC cryptocurrency is 8.16.
The market supply of LRC Token is currently 1.332 billion. Its maximum supply is $1.375 billion.
Live Chart of LRC Token
Daily Technical Indicators for the LRC Token
In the case of LRC Token, the 100-day Simple Moving Average indicates buying activity at the $0.1883 price point. Loopring Token’s 100-day Exponential Moving Average indicates that it is best purchased at $0.1936.
LRC Token is being offered for sale at the market price of $0.2304 by the 200-day SMA. The 200-day EMA points to a buying trend at $0.2249. The RSI (14) line shows neutrality at 65.3932.
Technical Analysis of LRC Token
Given that it is traded every day, the LRC Token‘s current session decline of 0.25% is erratic. Overall, the LRC Token has increased by 64%. LRC Token noted the ATH, which was $3.9200, on November 10, 2021. There is less chance of a breakout because it is not near any level of support or resistance.
The LRC Token recorded 12 out of 30 green days over the previous 30 days. With a percentage of about 40%. The LRC Token’s price fluctuation over the previous 30 days was 6.25%. In the last 7 days, the LRC Token was up by 3.76%. Based on the LRC Token’s performance, the Token has been in a downward trend since 2021.
In the last month, the LRC Token rose by 3%, and in the previous six months, it fell by 40%. The bulls are trying to pull the price of the stock in the upward direction. In recent trading days, the green candles are more than the red candles.
Conclusion
According to the prognosis made by experts, LRC Token might reach $0.183449 by 06 November 2023. This would be equivalent to a fall in value of 7.57%, which is not good for any coin.
Technical Levels
- Support level- $0.1682 and $0.1398
- Resistance level- $0.2161 and $0.2356
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.