LRC/USD May Head For $0.45 Resistance

The Loopring price prediction shows that LRC is likely to stay above the moving averages as eyes are currently glued on $0.45.

Loopring Prediction Statistics Data:

• Loopring price now – $0.38
• Loopring market cap – $517.8 million
• Loopring circulating supply – 1.33 billion
• Loopring total supply – 1.37 billion
• Loopring Coinmarketcap ranking – #79

LRC/USD Market

Key Levels:

Resistance levels: $0.50, $0.55, $0.60

Support levels: $0.25, $0.20, $0.15

LRC/USD is refreshing to the upside as the coin currently trades at $0.38 with a bullish crossover and trend in the intraday. Today, the crypto crosses above the 9-day and 21-day moving averages to touch the daily resistance level at $0.42.

Loopring Price Prediction: Loopring Price May Spike to the Upside

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. Currently, the technical indicator Relative Strength Index (14) is moving to cross above the 60-level and could send bullish signals to encourage more buyers in the market.

Nevertheless, 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 $0.50, $0.55, and $0.60 respectively. Moreover, if the technical indicator Relative Strength Index (14) drops below the 50-level, there may be a little retreat to the south which could bring the market to the support levels of $0.25, $0.20, and $0.15.

Comparing it with Bitcoin, Loopring (LRC) stays above the 9-day and 21-day moving averages, and the price could make a bullish cross above the upper boundary of the channel. However, for the fact that the market faces the north, the crypto is likely to create additional gains as the technical indicator Relative Strength Index (14) moves to cross above the 70-level.

However, if the buyers increase the buying pressure, the Loopring price may touch the resistance level of 2200 SAT and above. Meanwhile, any bearish movement may bring the price below the 21-day MA, and this could attract new sellers coming into the market with the next focus on the support level of 1200 SAT and below.

LoopringAlternatives

The Loopring (LRC) begins a fresh increase from the $0.32 support zone. The bulls are in control and might push the price toward the $0.45 level. Meanwhile, the pre-sale hard cap target of $4.97m is within touching distance over the next week. Therefore, the Meta Masters Guild (MEMAG) could become GameFi’s hottest presale of the year as investors are advised to invest heavily in the coin.