The Loopring price prediction shows that LRC is likely to stay above the moving averages as the coin moves to cross above the channel.
Loopring Prediction Statistics Data:
- Loopring price now – $0.193
- Loopring market cap – $264 million
- Loopring circulating supply – 1.33 billion
- Loopring total supply – 1.37 billion
- Loopring Coinmarketcap ranking – #118
Resistance levels: $0.220, $0.230, $0.240
Support levels: $0.160, $0.150, $0.140
LRC/USD is refreshing to the upside as the coin currently trades at $0.193 with a bullish crossover and trend in the intraday. Today, the crypto keeps hovering above the 9-day and 21-day moving averages to touch the daily resistance level of $0.194.
Loopring Price Prediction: Loopring (LRC) May Create Additional Gains
The daily chart reveals that the Loopring price is likely to increase the bullish movement if it crosses above the upper boundary of the channel. At the moment, the 9-day moving average crosses above the 21-day moving average, this could send additional bullish signals to encourage more buyers in the market.
However, in as much as the 9-day MA remains above the 21-day MA, it is likely for the coin to face the north and the price could hit the nearest resistance levels at $0.220, $0.230, and $0.240 respectively. Moreover, if the 9-day MA slides below the 21-day MA, there may be a little retreat to the south which could bring the market to the support levels of $0.160, $0.150, and $0.140.
LRC/BTC Could Spike to the Upside
Against Bitcoin, the Loopring price stays above the 9-day moving average, and the price could make a bullish cross above the 21-day moving average if the bulls increase the pressure. However, for the fact that the market faces the north, the crypto is likely to create additional gains as this could encourage more buyers to come into the market.
Meanwhile, if the buyers increase the buying pressure, the Loopring price may touch the resistance level of 650 SAT and above. On the contrary, 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 500 SAT and below.
Alternatives to Loopring
The Loopring price is currently changing hands at around $0.193 as the coin touches the daily high at $0.194 resistance level. However, today’s trading begins with a tremendous uptrend in the market as the coin hovers above the 9-day and 21-day moving averages. Meanwhile, traders are anticipating that the current price movement is an indication of the upcoming price rally in the market.
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