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LRC

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
LRCUSDT (Waiting for the symmetric triangle breakout)LRCUSDT (4H CHART) Technical Analysis Update Waiting for the Symmetric Triangle Breakout LRC/USDT currently trading at $0.455 Buy-level: Above 0.48 (only buy after 4 h candle closes above 0.480 Stop loss: below $0.38 Resisace Level 1(Target 1) : $0.620 Resistance level 2(Target 2) : $0.850 Max Leverage: 2X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and comment your thoughts.
Long
by GreenCryptoTrades
8
LRCUSDT (LOOPRING) - UPTREND CONTINUATIONANALYSIS 🔎 - LRCUSDT brokeout above the symmetrical triangle(1) inclined resistance. - LRCUSDT hit a new ATH and retraced. - Price retested the flip horizontal support and 0.618 fibonacci retracement level. - A bullish pin bar (hammer) was formed at the retest area. - Price action is printing a symmetrical triangle(2) pattern. - Breakout above symmetrical triangle(2) inclined resistance could be an uptrend continuation signal. BUY ENTRY ⬆️ - Breakout above the symmetrical triangle(2) inclined resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension level 1.0. SETUP INVALIDATION ❌ - Breakdown below the symmetrical triangle(2) inclined support.
Long
by Chibuike_Odoh