Loopring Relief? Long

Loopring / United States DollarCoinbase

Description

⋅ Aug 9, 2022 3:20 AM

Before looking at any altcoin, we must look at the status of Bitcoin. BTC is in a healthy short-term uptrend after having a 75% drop to below 18k.

- If Bitcoin is able to make a move to $27,500 - $30,000 we can see alt coins like LRC following suit.

BITSTAMP:BTCUSD

Loopring has been in a comfortable uptrend from $.30 to $.50 for the past 2 months, accumulating for what looks to be a move to the upside and some relief after a long -90%+ move.

TARGET: ≈ $.80

- Keep an eye on BTC because looks like buyers are slowly & quietly moving back into the space.