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LRC

LRC USDT Note: First of all, candle closings in the upper box invalidate everything I wrote below and show that this analysis is wrong. If this box is not entered or this box is not passed, my thoughts below are valid. Analysis; Fibonacci measurement at 4H may suggest that this is an elliot wave. But I don't think it's the elliot wave. 1st wavelength is too long 2. sellers consolidated too much 3 indicator values seem too high to me. Fan intersections marked as circles on the graph should work as supports. Check the rsi when the price comes to each circle area. If the rsi in 4H still has not fallen below 35 or if the rsi has not fallen below 60 in the daily time frame, it is possible that the decline will continue. A good trade is the one in the last circle. Note: This is not Investment advice.
Short
by CryptoBrainn
2
Loopring want to combine centralize and decentralize exchangesCentralized exchanges are currently the main mode of operation for crypto trading services. While highly popular and convenient, using a centralized exchange carries a number of risks, the chief of which is their custodial nature. Because these exchanges hold users’ funds for them between the points of depositing and withdrawing, those funds come under the risk of being partially or fully lost due to potential hacker attacks, malicious actors inside the exchange or regulatory intervention. Loopring is operable on Ethereum and Neo blockchains with plans to add support for the Qtum blockchain. Each of these networks has its own token: LRC and LRN for Ethereum and Neo respectively; when launched, the Qtum network token will be called LRQ. Rank #110 Token On 60,476 watchlists Loopring Price (LRC) $0.5718 8.62% 0.000009807 BTC0.33% 0.0002022 ETH5.06%
by doqstrader
2
LRCUSD Ready for next Breakout early Nov 10thLRCUSD originally spiked to $2.50. Then posted a strong bullish pennant where it consolidated and volume diminished. This lead to a very strong surge up parallel channels all the way to test $3.00 resistance. It has currently tested $3.00 resistance several times and appears to be consolidating down a similar pennant pattern. Prediction: Price breakout to re-test and surpass $3.00 by early AM Nov. 10th. To recap: LRC is a 2nd layer Etherium rollup coin used to speed up transactions off the blockchain. The hype surrounding this coin is that it will be used in a future NFT marketplace by Gamestop of all companies. Buy the rumor, sell the news. IMO now is potentially a good time to get in before bigger news hits and this heads towards a $5.00 in the next year.
COINBASE:LRCUSDLong
by Harlequin314159
3