LOOPRING - LRC/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	LRCUSD
ISIN:

LOOPRING - LRC/USD - 1H - Technical analysis published on 09/27/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.134728 USD

My targets

0.139824 USD (+0.64%)

0.150879 USD (+8.60%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on LOOPRING - LRC/USD as long as the price remains well above 0.134728 USD. The buyers' bullish objective is set at 0.139824 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.150879 USD. If there is any crossing, the next objective would be the resistance located at 0.187476 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The LOOPRING - LRC/USD price is 0.138930 USD. The price registered a decrease of -0.12% on the session and was traded between 0.138786 USD and 0.140086 USD over the period. The price is currently at +0.10% from its lowest and -0.83% from its highest.

0.138786

0.140086

0.138930

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of LOOPRING - LRC/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.122581	0.127537	0.134728	0.138930	0.139824	0.187476	0.292080
Change (%)	-11.77%	-8.20%	-3.02%	-	+0.64%	+34.94%	+110.24%
Change	-0.016349	-0.011393	-0.004202	-	+0.000894	+0.048546	+0.153150
Level	Intermediate	Minor	Minor	-	Intermediate	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.124007	0.127316	0.133205	0.136514	0.142403	0.145712	0.151601
Camarilla	0.136564	0.137407	0.138250	0.139093	0.139936	0.140779	0.141623
Woodie	0.125296	0.127961	0.134494	0.137159	0.143692	0.146357	0.152890
Fibonacci	0.127316	0.130830	0.133001	0.136514	0.140028	0.142199	0.145712

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.099231	0.105396	0.116447	0.122612	0.133663	0.139828	0.150879
Camarilla	0.122764	0.124342	0.125920	0.127498	0.129076	0.130654	0.132232
Woodie	0.101674	0.106618	0.118890	0.123834	0.136106	0.141050	0.153322
Fibonacci	0.105396	0.111973	0.116036	0.122612	0.129189	0.133252	0.139828

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.077589	0.097559	0.111823	0.131793	0.146057	0.166027	0.180291
Camarilla	0.116674	0.119812	0.122950	0.126088	0.129226	0.132364	0.135502
Woodie	0.074737	0.096133	0.108971	0.130367	0.143205	0.164601	0.177439
Fibonacci	0.097559	0.110636	0.118715	0.131793	0.144870	0.152949	0.166027

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.08
MACD (12,26,9):	0.0014
Directional Movement:	14.403034
AROON (14):	71.428572
DEMA (21):	0.139173
Parabolic SAR (0,02-0,02-0,2):	0.136160
Elder Ray (13):	0.001419
Super Trend (3,10):	0.133972
Zig ZAG (10):	0.139292
VORTEX (21):	1.1135
Stochastique (14,3,5):	84.42
TEMA (21):	0.139068
Williams %R (14):	-20.10
Chande Momentum Oscillator (20):	0.004008
Repulse (5,40,3):	0.0809
ROCnROLL:	1
TRIX (15,9):	0.1328
Courbe Coppock:	2.93

MA7:	0.130888
MA20:	0.124226
MA50:	0.126507
MA100:	0.140560
MAexp7:	0.138584
MAexp20:	0.137295
MAexp50:	0.134656
MAexp100:	0.131442
Price / MA7:	+6.14%
Price / MA20:	+11.84%
Price / MA50:	+9.82%
Price / MA100:	-1.16%
Price / MAexp7:	+0.25%
Price / MAexp20:	+1.19%
Price / MAexp50:	+3.17%
Price / MAexp100:	+5.70%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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