Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- Loopring is down -8.88% today against the US Dollar
- LRC/BTC decreased by -5.90% today
- LRC/ETH decreased by -4.56% today
- Loopring is currently trading 11.22% below our prediction on Nov 13, 2022
- Loopring gained 8.10% in the last month and is down -80.01% since 1 year ago
| Loopring price | $ 0.310115 |
| Loopring prediction |
$ 0.349297 (12.66%) |
| Sentiment |
Bearish |
| Fear & Greed index |
31 (Fear) |
| Key support levels | $ 0.313477, $ 0.302456, $ 0.287625 |
| Key resistance levels | $ 0.339329, $ 0.354161, $ 0.365182 |
LRC price is expected to rise by 12.66% in the next 5 days according to our Loopring price prediction
According to our Loopring price prediction, LRC is expected to reach a price of $ 0.349297 by Nov 13, 2022. This would represent a 12.66% price increase for LRC in the next 5 days.
LRC Price Prediction Chart
What has been going on with Loopring in the last 30 days
Loopring has been displaying a positive trend recently, as the coin gained 8.10% in the last 30-days. The medium-term trend for Loopring has been bearish, with LRC dropping by -29.71% in the last 3 months. The long-term picture for Loopring has been negative, as LRC is currently displaying a -80.01% 1-year price change. On this day last year, LRC was trading at $ 1.55.
Loopring reached its all-time high price on Nov 10, 2021, when the price of LRC peaked at $ 3.77. The current LRC cycle high is $ 0.420269, while the cycle low is at $ 0.238295. LRC has been displaying high volatility recently – the 1-month volatility of the coin is at 11.54. Loopring recorded 12 green days in the last 30 days.
Loopring technical analysis for today – Nov 08, 2022
The sentiment in the Loopring markets is currently Bearish, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 0.313477, $ 0.302456 and $ 0.287625, while $ 0.339329, $ 0.354161 and $ 0.365182 are the key resistance levels.
Bearish sentiment for Loopring
5 indicators are currently signaling a bullish prediction for Loopring, while 24 indicators are showing a bearish forecast. With 83% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Loopring.
Crypto market is currently experiencing Fear
Currently, the Fear & Greed index is at 31 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Loopring moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Loopring is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 0.341694 (SELL) | $ 0.324498 (SELL) | – | – |
| MA5 | $ 0.334053 (SELL) | $ 0.331728 (SELL) | – | – |
| MA10 | $ 0.302640 (BUY) | $ 0.316088 (SELL) | – | – |
| MA21 | $ 0.278336 (BUY) | $ 0.294802 (BUY) | $ 0.357002 (SELL) | $ 0.375161 (SELL) |
| MA50 | $ 0.283561 (BUY) | $ 0.295613 (BUY) | $ 0.809471 (SELL) | $ 0.561602 (SELL) |
| MA100 | $ 0.336934 (SELL) | $ 0.336456 (SELL) | $ 0.684166 (SELL) | $ 0.587363 (SELL) |
| MA200 | $ 0.419376 (SELL) | $ 0.457800 (SELL) | $ 0.379636 (SELL) | $ 0.488004 (SELL) |
| Period | Value | Action |
| RSI (14) | 59.45 | NEUTRAL |
| Stoch RSI (14) | 75.98 | NEUTRAL |
| Stochastic Fast (14) | 52.30 | NEUTRAL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 29.56 | SELL |
| Awesome Oscillator (5, 34) | 0.04 | NEUTRAL |
| Momentum (10) | 0.07 | NEUTRAL |
| MACD (12, 26) | 0.01 | NEUTRAL |
| Williams Percent Range (14) | -47.70 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 47.60 | NEUTRAL |
| VWMA (10) | 0.35 | SELL |
| Hull Moving Average (9) | 0.37 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.33 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Loopring is at 59.45, suggesting that LRC is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Loopring over the last 50 days. Currently, Loopring is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the LRC closing price for the last 200 days. LRC is now trading above the SMA 200, signaling that the market is currently bullish.
The bottom line about this Loopring prediction
After considering the above factors, we can conclude that the current forecast for Loopring price prediction is Bearish. LRC would have to increase by 12.66% to hit our $ 0.349297 target within the next five days. Moving forward, it will be important to monitor the LRC market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Loopring price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
