Loopring Price Prediction for Today, December 22

Loopring Price Prediction for Today, December 22 – LRC Technical Analysis

Updated: 04 January 2024

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The Loopring price prediction escalates, but a break above $0.30 is expected to push the coin toward the upper boundary of the channel.

Loopring Price Statistics Data:

Loopring price now – $0.28
Loopring market cap – $387.9 million
Loopring circulating supply – 1.3 billion
Loopring total supply – 1.3 billion
Loopring Coinmarketcap ranking – #137

LRC/USD Market

Key Levels:

Resistance levels: $0.32, $0.34, $0.36

Support levels: $0.23, $0.21, $0.19

Loopring Price Prediction for Today, December 22 – LRC Technical Analysis — LRCUSD – Daily Chart

LRC/USD is seen hovering around the resistance level of $0.28 after crossing above the 9-day and 21-day moving averages. However, heading toward the upper boundary of the channel is a move that could easily pave the way for gains above the channel. Therefore, if the 9-day MA remains above the 21-day MA, the market may show that the bullish grip is getting stronger.

Loopring Price Prediction: Loopring (LRC) May Spike to the North

The Loopring price is currently holding the ground above the 9-day and 21-day moving averages after a major recovery from the low of $0.26. This shows that buyers may continue to have the upper hand in the price movement, and they could easily push the coin toward the potential resistance levels of $0.32, $0.34, and $0.36. On the contrary, if the buying action fails to break to the upside, the coin could instead settle for consolidation.

However, any breakout above the upper boundary of the channel could have an impact on the price. Furthermore, it is about time that buyers increase their confidence in the recovery because $0.30 is still achievable. Meanwhile, if the bears bring the coin below the lower boundary of the channel, the support levels of $0.23, $0.21, and $0.19 could be reached.

LRC/BTC Trades Bullishly

Against Bitcoin, the Loopring price remains above the 9-day and 21-day moving averages as the coin heads to the upside. Meanwhile, if the market price eventually closes above the moving averages, traders might expect a long-term bullish movement.

On the downside, any bearish movement below the lower boundary of the channel could meet the major support at 550 SAT before falling to 520 SAT and below while the buyers may need to push the market to the potential resistance at 740 SAT and above.

Loopring Alternatives

The current price of Loopring is hovering around the $0.28 resistance level, approaching the upper boundary of the channel. Today’s trading session kicks off with a significant upward trend, potentially leading to a surge in market price should bullish momentum intensify. At the same time, traders are eyeing this price movement as a potential precursor to an impending market rally.

Nevertheless, despite Loopring (LRC) holding a substantial market cap of $387.9 million and ranking 137th in the market, its significance might be overshadowed by its vast market cap. Meanwhile, the Bitcoin Minetrix token presents a promising opportunity to amplify returns when speculating on the coin asset class. Moreover, with the token already securing nearly $5.8 million in its ongoing presale, now is the optimal moment to invest in this promising token.

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