LRC looking extremely undervalued, if matic/polygon can do 2$ lrc can easily do >1$. upcoming DAO insurance and governance and almost perfect retracements ot me panic buying. watch this one for a >1$ target...
Just noticed today that loopring is one of the few coins that did not break previous significant weekly support. If this maintains support it should remain bullish.
Insert a lot of fluffy filler words that mean nothing.
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LRC breaks all time high and looks to move much higher.
What Loopring is
An application-specific zkRollup protocol, a relayer, an L2 non-custodial exchange, a smart wallet — but eventually it will just be Loopring, where you use, trade, grow, and store your assets.
Aiming to become the leading user-facing financial services application in the world. Trading,...
Im thinking the weekly is a nice timeframe to understand. We are bouncing/recovering nicely off each MA, rsi is at the point of pivot. with how early we are in the game (<2.5k active L2 wallets) this is extremely undervalued! mild accumulation funnel possibly forming...( this pattern financialoccultist.com)....
Here, I've taken the percentage gain from the first large green candle in the 2017 cycle and matched it with the large green candfle we have seen this cycle. Loopring has been trading horizontally for a much longer time, between .40 - .80 cents since January.
- A potential breakout in the upcoming months looks likely, it could happen sooner but I'm guessing...
Hear, I have overlaid the (logarithmic) bar pattern of LRC prior to its massive run in 2017. The log pattern preserves percentage gain relative to price.
- No pattern can play out perfectly but we can see some similarities.
- Currently, LRC is trading horizontally for a longer time than it did in 2017. This is by no means a bad thing, I think its even better in...
- We are currently seeing what I believe to be a similar pattern to the 2017 cycle.
- LRC is now performing a similar move to 2017 but at a grander scale.
- LRC is an Ethereum DeFi token with important technology for the space ( zkRollups ) which processes faster and has lower fees than ETH.
- Loopring will not be left out of this cycle, more on this in my next posts.