Loopring Price Prediction for Today, June 15: LRC/USD Ranges as Price Moves Near $0.200

Updated: 22 July 2023

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The Loopring price prediction shows that Loopring is trading near the support level of $0.200 below the 9-day and 21-day moving averages.

Loopring Prediction Statistics Data:

Loopring price now – $0.208
Loopring market cap – $279 million
Loopring circulating supply – 1.33 billion
Loopring total supply – 1.37 billion
Loopring Coinmarketcap ranking – #93

LRC/USD Market

Key Levels:

Resistance levels: $0.320, $0.340, $0.360

Support levels: $0.100, $0.080, $0.060

Loopring Price Prediction for Today, June 15: LRC/USD Ranges as Price Moves Near $0.200 — LRCUSD – Daily Chart

At the time of writing, LRC/USD is trading at $0.208 within the channel, indicating an indecisive movement in the market. For the time being, the market price is moving toward the resistance level of $0.215 while the trading volume confirms the sideways movement.

Loopring Price Prediction: LRC Price May Face the North

Looking at the daily chart, the Loopring price is still ranging as bulls could prepare the coin for upward movement. Meanwhile, if the buyers regroup and push the Loopring price above the 21-day moving average, the market price might revisit the resistance level of $0.250.

Therefore, any bullish movement above this level could lead the market to the crucial resistance levels at $0.320, $0.340, and $0.360 respectively. On the contrary, if the coin crosses below the lower boundary of the channel, the LRC price could reach the critical supports at $0.100, $0.080, and $0.060 as the technical indicator Relative Strength Index (14) remains within the lower boundary of the channel.

Against Bitcoin, the Loopring is trading with a slight bullish candle toward the 9-day moving average. The technical indicator Relative Strength Index (14) is moving within the oversold region which could decide the next direction of the market. Any bullish cross above the 21-day moving average may hit the resistance level of 1100 SAT and above.

However, any form of retreat below the lower boundary of the channel could bring the coin to the support level of 600 SAT and below. But buyers will need to gather enough momentum to push the market price to the north. For now, LRC/BTC is moving bearishly and may start rising once the technical indicator turns upward.

Alternatives to Loopring

Looking at the daily chart, the next step for the Loopring price is to cross above the 21-day moving average. Once this is done, bulls may now push the coin toward the upper boundary of the channel to touch the nearest resistance level at $0.250. Therefore, since the project already has a large following, it will likely soar during the next meme coin bull run. Therefore, the Wall Street Memes token could be a great way to maximize gains while speculating on the meme coin asset class as the token has raised almost $7 million in the ongoing presale.

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