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Loopring (LRC) Price Prediction 2022

Loopring (LRC) Price Prediction 2022

Loopring (LRC) holds the 90th position on CoinGecko right now. LRC price prediction 2022 is explained below with a daily time frame.

The above chart of Loopring (LRC) laid out a Descending Channel. Descending channel also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.

Currently, Loopring (LRC) is in the range of $ 0.4805. If the pattern continues, the price of LRC might reach the resistance levels of $ 1.3780 ,If the trend reverses, then the price of LRC may fall to $ 0.3232

Loopring (LRC) Support and Resistance Levels

The chart below shows the support and resistance levels of Loopring (LRC)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Loopring (LRC).
Resistance Level 1 $0.5105
Resistance Level 2 $0.7238
Resistance Level 3 $1.0925
Resistance Level 4 $1.6536
Support Level $0.3372
LRC /USDT Support and Resistance Levels

The charts show that Loopring (LRC) has performed a bullish trend over the past month. If this trend continues, LRC might run along with the bulls overtaking its resistance level at $1.6536.

Accordingly, if the investors turn against the crypto, the price of Loopring (LRC) might plummet to almost $0.3372 , a bearish signal.

Short Note :

Breakout Level : $0.4845
Target : $1.3780
Stop Loss : $0.3232

Happy Trading !!!!