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LRC

LRC: Pullback in UptrendLoopring (LRC) technical analysis: Trade setup: Following a bullish breakout from Falling Wedge pattern, price reached our target $0.50 where it got rejected. Pullback near $0.30 support and 200-day moving average could be a swing entry. Momentum is inflecting bullish again (MACD Histogram rising). Trend: Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance: Nearest Support Zone is $0.30, then $0.20. The nearest Resistance Zone is $0.40, then $0.50.
Long
by altFINS
If loopring validates breakout from its weekly wedge trgt= .55 Here on the weekly we can see price action has overcome the weekly 200ma(in blue) and is about to test the resistance of the weekly 50ma (in orange) it will need to overcome the 50ma to reach the full breakout target, so I’ll be keeping a close eye on how it interacts with the moving average. Most importantly is that it closes the weekly above the wedge as well as the follow up weekly candle. *not financial advice*
COINBASE:LRCUSD
by DrDovetail
2
LRC: Approaching ResistanceLoopring (LRC) technical analysis: Trade setup : Bullish breakout from Falling Wedge pattern, was confirmed with a break above $0.30 key level to indicate bullish trend reversal. Price broke above $0.40 resistance to resume uptrend and reached our target $0.50. Now we wait for price to either 1) break above $0.50 to resume uptrend, or 2) pull back near $0.40 support for a swing entry in uptrend. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.40 (previous resistance), then $0.30. The nearest Resistance Zone is $0.50.
Long
by altFINS
1
Keep Your Eyes on LRC (Short with tight stop or Long at BO)Attention traders! It's time to buckle up, because LRC is facing some serious rejection at a major resistance level on the 4-hour timeframe. But don't be intimidated by this wall of resistance, because we're not backing down. We're going to wait for the breakout before opening any long positions, or you can even consider shorting with a tight stop loss above this resistance. Remember, guys, risk management is key to success in the markets, so keep your cool and stay focused. Get ready for some wild times ahead with LRC!
by FortuneAI
How traders can make money on the ZK narrative?The ZK narrative is one of the most trending topics at the moment. Many users are waiting for the release of ZKSync and StarkNet, which will bring new value and applications to the crypto space. The launch of ZKSync and StarkNet, may force the market to reassess the current Rollup projects, which will positively affect the price of their tokens. So, we can make a conclusion that you need to keep your finger on the pulse about ZK and Rollup projects and know which projects can go up. In this idea, we will list the most interesting projects , which can benefit from the ZK narrative and bring traders maximum profit. We'll also mention our thoughts how to get more profit. The projects list 1. $MATIC It is the most obvious project, which in addition to its main products, also has ZK solutions. Also, $MATIC has advantages as it fits into several interesting narratives. We can say it's a versatile asset. 2. $ROSE Layer 1 network with initial rollup support and privacy at the smart contract level 3. $AZERO Layer 1 blockchain built on the more productive DAG consensus mode. It integrates the ZK technology into its solutions. 4. $SYS A double-chain solution running on EVM and BTC concepts. EVM chain is based on rollup and ZK support solutions. 5. $METIS Layer 2 network based on the optimistic rollup concept. 6. $MINA Layer 1 blockchain using ZK-SNARK technology. 7. $LRC Layer 2 ZK rollup, designed to optimize trade and payment. 8. $IMX Layer 2 network created for NFT, using STARK ZK-rollup solutions. 9. $MUTE DeFi platform on ZK Rollup technology 10. $BOBA Layer 2 solution, based on Optimistic Rollup 11. $SKL A competitor to all Rollup solutions due to its unique technology of launching separate blockchains to meet the needs of the audience 12. $FIRO Project that created solutions to burn native tokens and get new pure tokens without transaction history 13. $PIVX Financial data protection solution plan to integrate ZK-SNARK solutions. 14. $ZKS DEX, which uses the ZK technology. How can you make a profit? 1. Watch for updates within the narrative and announcements from the main stars of this trend, ZKSync and StarkNet, the closer the token's release to the market, the more projects will react to it 2. Look for new projects developing Dapps that have not yet released their token. 3. If your strategy and risk management allows you to buy, allocate a part of your deposit and diversify it between tokens of projects you like. Conclusion The ZK and Rollup trend is one of the most interesting and discussed at the moment, but it's not the only one. There are also a few more promising narratives we will tell you about soon. Share your thoughts about these projects in a comments section and check links in our bio. Thanks for reading
by Samura0x
3
$LRC/#BTC [#Loopring]: Resistance_Breakout_Confirmation SuperTreWe have identified both a Super Trend pattern and a Resistance Breakout on the $LRC / $BTC chart. Both indicators are signaling a bullish trend, with the Super Trend showing a bullish trend and the Resistance Breakout confirming this trend by showing the price breaking above a key resistance level. Given the alignment of these signals, it may be a good idea to consider entering a long position and targeting higher levels. Our analysis indicates that the key resistance levels are at 0.00001882 | 0.00002147 | 0.00002687 and the major support zones are at 0.00001342 | 0.00001067 | 0.00000527. However, it is important to also consider other factors such as overall market conditions and other technical indicators before making a trade decision. Technical Metrics : Current price: 0.00001866 24H Volume: 152.0700 Ƀ 24H Price change: 2.923% - Pivot Points - Levels : Resistance: 0.00001882 | 0.00002147 | 0.00002687 Support: 0.00001342 | 0.00001067 | 0.00000527 Indicators recommandation : Oscillators: NEUTRAL Moving Averages: STRONG_BUY Technical Indicators Summary : BUY - In-depth LRCBTC technical analysis on > Tradingview TA page What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here
by Crypto2AF
LRCUSD Bull Flag with 1day Golden Cross emergingLoopring's January rally that broke above Resistance A (0.4250) is on a Bull Flag pattern with a few days away from forming a 1Day Golden Cross. The strong rebound on the RSI shows that this pull-back may be coming to an end, especially if it (the RSI) crosses over its MA again. The 1Week MA50 stopped the rally on Feb 2nd and caused the Flag pattern so logically we need to have it broken to buy. If it doesn, Target A = 0.52500 (Resistance B) and Target B = 0.66500 (Resistance C). In the same sense, below Support A, we turn to selling with 5.7000 our Target. Follow us, like the idea and leave a comment below!!
BINANCE:LRCUSDLong
by TheCryptagon
daily analysis_ LRC and Ai projects may increase in priceDue to the boom in artificial intelligence and significant developments in the combination of AI and blockchain, some coins and tokens related to artificial intelligence are in favorable conditions, as well as the upward trend of Bitcoin and the crypto market. There is a possibility of several hundred percent increase for AI and web3 tokens. One of these projects is iExec token (RLC), which after a few months of price consolidation is now crossing the channel, and if it stabilizes above the channel, it has the possibility of 350% growth in the next few months.
by nipotomarket
Loopring LRC/USDTesting/Tracking Elliot waves. Please do not trade off idea without stop loss. This one is for all the GME fans. I know that some of yall aren't invested in crypto, but because this coin is related to GME, you might invest. If you're already invested in LRC or will be looking to buy some then the data here should be valuable for you. On this chart it shows us that we've already gone through a -95% drop. This is normal in the crypto world. Most altcoins will go through a period where they drop -90-98%. With that being said -95% is already high up there so there's a possibility we may go a bit lower down, but that's a very small amount compared to the possible upside. If you hoover over to the today's price R/R you can see that from here you have a R/R ratio of 31.6 with the stop loss being underneath the Z wave drop. The Z wave drop is around a -97% drop from ATH. R/R ratio from today's price: 31.6 Possible upside: 1915% Possible downside: -60% R/R ratio from Z wave: 656 Possible upside: 4975% Possible downside: none. Personally I will not use a stop loss at all on either one. I would dollar cost average into both and if there's a slightest possibility for another drop from Z wave then I would buy more too. Do not go all in, especially if you're using leverage, a -60% drop is still big. Better to play it safe than sorry. If you go all in and you can't buy more when Z wave hits, you're out of luck. From the Z wave I would consider adding a lot more (if we ever get it). This is not financial advice. Chart timeframe is on the weekly. Expected timeline for this to play out is roughly within 2 years for the wave 3 top.
by AyoKu
4
✴️ Loopring | Many Reversal SignalsThere are many signals supporting a reversal/change of trend on the Loopring chart. LRCUSDT. Let's spend a few minutes of our time looking at some of those. #1 - LRCUSDT has gone to new lows and then dove a bit lower, this is good for bottom fishers. #2 - A very strong shakeout can be seen on the chart. Shakeouts can be indicative of upcoming change. #3 - The August downtrend has been broken. #4 - The Cup pattern we see very often, always at support and many times signals a low being set. #5 - The increase in trading volume happened in November, recently buy volume is predominant on this chart. #6 - The RSI is super strong at low levels, signaling that the trend can change soon. #7 - Loopring is trading above EMA50 and EMA100, not possible to be bearish above these levels. A change of trend is a major development. A change of trend can lead to years of growth. In the worst case scenario, these signals can lead to multiple months of a bullish wave/relief rally... Good in any case. Namaste.
Long
by AlanSantana
2