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- Loopring price now – $0.195<\/li>\n
- Loopring market cap – $252.4 million<\/li>\n
- Loopring circulating supply – 1.3 billion<\/li>\n
- Loopring total supply – 1.37 billion<\/li>\n
- Loopring Coinmarketcap ranking – #250<\/li>\n<\/ul>\n
LRC\/USD Market<\/h2>\n
Key Levels:<\/p>\n
Resistance levels: $0.30, $0.32, $0.34<\/p>\n
Support levels: $0.10, $0.08, $0.06<\/p>\n
LRC\/USD<\/a> is refreshing to the upside as the coin currently trades at $0.195 with a bullish trade and trend in the intraday. Today, the crypto remains below the 9-day and 21-day moving averages preparing for the bullish movement.<\/p>\n
![\"Loopring](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/LRCUSD_03062024.png\")
LRCUSD – Daily Chart<\/figcaption><\/figure>\n Loopring Price Prediction: Loopring Price May Move Sideways<\/h2>\n
The daily chart reveals that the Loopring price will likely increase bullish movement if the bulls increase the pressure. At the moment, the 9-day moving average keeps hovering below the 21-day moving average, suggesting that the bears are still dominating the market<\/p>\n
Nevertheless, in as much as the 9-day MA remains below the 21-day MA, it is likely for the coin to face the south or consolidate before heading to the upside. Therefore, any bullish movement toward the upper boundary of the channel could hit the resistance levels of $0.30, $0.32, and $0.34 respectively. Moreover, if the coin decides to face the downside, there may be a little retreat to the south, bringing the market to the support levels of $0.10, $0.08, and $0.06.<\/p>\n
LRC\/BTC Moves Bearishly<\/h2>\n
Against Bitcoin, Loopring (LRC)<\/a> stays below the 9-day and 21-day moving averages, and the price could make a bullish cross if the buyers can make more effort. However, if the market faces the north, the crypto is likely to create additional gains but the 9-day moving average may need to make a bullish cross above the 21-day moving average.<\/p>\n
![\"Loopring](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/LRCBTC_03062024.png\")
LRCBTC – Daily Chart<\/figcaption><\/figure>\n Meanwhile, if the buyers increase the buying pressure, the Loopring price may touch the resistance level of 410 SAT and above. In other words, any bearish movement may bring the price below the lower boundary of the channel, and this could attract new sellers coming into the market with the next focus on the support level of 195 SAT and below.<\/p>\n
On that note, @santimentfeed notified their followers on X (formerly Twitter) that 😱 Loopring’s network suffered a hack valued at over $5 million. Consequently, the project’s market cap has plummeted as trust within the crypto community wanes. Fear, uncertainty, and doubt (FUD) are likely exacerbating the -22% drop in $LRC over the past four days. This situation may present an opportunity to buy amidst the prevailing fear.<\/p>\n
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➰😱 Loopring's network was compromised by a hack valued at over $5M. The project's market cap has predictably dropped as trust among the crypto community has shrunk. FUD is likely compounding the -22% $LRC<\/a> 4-day drop, and there is a likely opportunity to buy into others' fear. pic.twitter.com\/JAwMZyg1XS<\/a><\/p>\n
— Santiment (@santimentfeed) June 11, 2024<\/a><\/p><\/blockquote>\n