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LRC

LRC/USDT : Possible fake breakout BINANCE:LRCUSDT Hello everyone 😃 LRC had a breakout and now it's facing resistance line. Funding is high so breakout could fail anytime.. Now MACD and volatility is reaching their limits and they need to cool off little a bit. There might be another bounce to higher resistance zone and then a retest above bearish trendline... 📌 Also there's a chance for reversal movement from current point ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
21
LRC Loopring a good investmentI swapped LRC for Bitcoin right before the top and I've been waiting for a good re entry. I think this is a safe zone. It could go lower and maybe even fall through the support zone so this isn't a scalp trade. I think in a month or two you'll look back on a buy here as a good idea. I'm not ready to YOLO here, but a nice DCA is looking pretty sexy. It is trading below the 50 day EMA, and I think this project has enough traction to find a nice liftoff from it's microscopic market cap of $660 Million. $2-3 billion market cap in April??? There's nothing bullish about the technicals aside from the fact that it's already really low, I'm simply expecting this to gain popularity in the next two months.
Long
by RickSmash
1
LRC - Price Prediction - Recent Very Positive News!Hello Traders, LRC is another great project that hasn't shown its true colors yet. We have to remember that LRC once traded at more than $3, which leaves a lot of room to grow to previous highs. I believe it's very undervalued as of right now and there could be huge potential down the road. Some very positive news came out recently. LRC is currently being looked at as one of the top layer-2 DEFI exchanges, closing more than $590 Mil in transactions this year. "Cointelegraph wrote, traders are migrating to Loopring to escape the higher/ raising fee's currently associated with Etherums mainnet. " Though I do believe we are still in the infancy of what Loopring will be able to offer to its user and what the true value will become of its native toke, LRC. As of right now, the LRC token makes up more than 40% of holdings currently on the DEFI exchange. But once we start to see some of that love spread out between other coins, we should see an increase in LRC's price. Price Prediction: It's quite possible that the current market cap of $699,908,577 could increase to around $1.4 Bil - $1.8 Bil. Broken down: 1.3 Bil. (est. Circulating Supply) / $1.4 Bil - $1.8 Bil (est. Market Cap) = $1.07 - $1.38 (by end of 2021). This would result in a 130%+ ROI from the current price. This is a long-term approach but for the short term, we may see a small breakout to retest recent highs. Also, take a look at how close the ALT. Prep. and LRC is following each other on the hourly chart. I'm keeping an eye on both to help better understand where LRC's price is moving to next. Good luck!
COINBASE:LRCUSDLong
by MarkStPeter
6
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by WallStreetPremium
4