Warning; our thoughts are ours; not financial advice.
In our opinion, Loopring (LRC) joins a host of other assets that have to make a critical decision today or in the coming days, either to break up to the upside or totally reject the upper side of the uptrend channel.
If today's candle closes above the channel, some bullish days ahead. If not, we should expect a decline back to the lower part of the channel.