Loopring Price Prediction for Today, September 4

Loopring Price Prediction for Today, September 4 – LRC Technical Analysis

Updated: 05 September 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Loopring price prediction is seen breaking above the $0.40 resistance level as LRC touches the daily high.

Loopring Prediction Statistics Data:

Loopring price now – $0.185
Loopring market cap – $247.9 million
Loopring circulating supply – 1.33 billion
Loopring total supply – 1.37 billion
Loopring Coinmarketcap ranking – #108

LRC/USD Market

Key Levels:

Resistance levels: $0.230, $0.240, $0.250

Support levels: $0.150, $0.140, $0.130

Loopring Price Prediction for Today, September 4 - LRC Technical Analysis — LRCUSD – Daily Chart

LRC/USD is seen refreshing to a new daily high as the coin spikes to the upside to trade close to the resistance level of $0.199. However, the coin is currently trading at $0.185 with a bullish movement toward the upper boundary of the channel. Meanwhile, if the coin slides below the 9-day and 21-day moving averages, sellers may attempt to return to the market, but the bulls are likely to collect more on the price dips.

Loopring Price Prediction: LRC Ready to Gain More

The Loopring price can only maintain the uptrend if the newly touched $0.199 resistance level is maintained at all costs. At the time of writing, the technical indicator Relative Strength index (14) is to cross above the 50-level to create more bullish signals in the market, and this could encourage more buyers to enter the market. However, Loopring (LRC) may continue to maintain an uptrend as soon as the coin makes a cross above the upper boundary of the channel.

Nevertheless, if the red line of the 9-day MA crosses above the green line of the 21-day MA, the coin may begin to perform well and the price of Loopring may reach the resistance levels at $0.230, $0.240, and $0.250 respectively. Meanwhile, if the technical indicator decides to make a quick turn to the south, there may be a slight bearish drop which could roll the market down to the support levels of $0.150, $0.140, and $0.130 respectively.

LRC/BTC Spikes to the Upside

Against Bitcoin, the Loopring price is hovering above the 9-day and 21-day moving averages as the price spikes to touch the daily high at 766 SAT. However, the technical indicator Relative Strength Index (14) is likely to cross above the 60-level as the coin aims for more uptrends.

Moreover, as seen on the daily chart, the potential resistance level is located at 800 SAT and above but a lower sustainable move may likely cancel the bullish pattern and could attract new sellers coming into the market with the next focus on the support level of 600 SAT and below.

Loopring Alternatives

According to the daily chart, the next step for the Loopring price is to cross above the upper boundary of the channel. Once this is done, bulls may now push the coin toward the upper boundary of the channel to touch the nearest resistance level at $0.210. Therefore, since the project already has a large following, it will likely soar during the next meme coin bull run.

In the meantime, the Wall Street Memes token could be a great way to maximize gains while speculating on the meme coin asset class. Meanwhile, with a substantial $25 million raised during the presale phase, the token eagerly awaits its official launch, just on the horizon in the next few days. For potential investors, the time to act and invest in the token is right now.

It now remains less than 22 days for $WSM to be listed on exchanges. The is the best time to buy.