Loopring (LRC) Retains Upside Promise and Targets the $0.3900 Price Mark

On the daily crypto movers list, LRC comes in second place as its price increased by 4.39%. Yet, trading indicators are still showing encouraging signs, which suggest that prices may increase further towards higher price marks. Let’s commit more study to this market to see how it may evolve shortly.

Loopring Analysis Data:

LRC Value Now: $0.3748
Loopring Market Cap: $501 million
LRC Moving Supply: 1.33 billion
LRC Total Supply: 1.37 billion
Loopring CoinMarketCap Ranking: #84

Major Price Levels:
Top: $0.3748, $0.400, and $0.450
Base: $0.3700, $0.3650, and $0.3600

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Loopring (LRC) May Keep Retracing Higher Price Marks

Considering the LRC/USD daily chart, price action appears propped up for more upside moves. This is so, despite the last bearish price candle on this chart. Though the last price candlestick appears bearish, it could be seen that the present price level remains above the 9-day Exponential Moving Average Curve (EMA). Also, the Moving Average Convergence Divergence (MACD) indicator bars are still green in appearance. Consequently, this suggests that prices may still be on their way up. Meanwhile, the leading lines of the RSI are significantly above the 70 level, but due to the last red candle, the leading line is now bent towards the lagging one. Nevertheless, Loopring price movement appears to still be seeking the upside.

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Loopring (LRC) Stays in Pursuit of the $0.3900 Price Mark

Even on the 4-hour market, price action on the LRC/USD market continues to maintain a rather positive outlook. The last bearish price candle is also present on this chart, but the previous longer bullish price candle seems to have reduced its effect. Meanwhile, the MACD lines keep rising slightly after crossing above the equilibrium level. Also, the RSI indicator curves have reached the 80 level of the indicator and are still moving upward. Consequently, indicator signs suggest that action is more likely to keep retracing the $0.3900 mark.

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