LOOPRING - LRC/USDT

- USDT (-)

- Real time data - CoinMarketCap

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	LRCUSDT
ISIN:

LOOPRING - LRC/USDT - Daily - Technical analysis published on 09/05/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

22%

My opinion

Bullish above 0.448900 USDT

My targets

0.515933 USDT (+1.42%)

0.591600 USDT (+16.30%)

My analysis

The bullish trend is currently very strong on LOOPRING - LRC/USDT. As long as the price remains above the support at 0.448900 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.515933 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.591600 USDT as an objective. Crossing it would then enable buyers to target 0.657900 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

6.1

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 kaka8787. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

LOOPRING - LRC/USDT rating 0.508700 USDT. On the day, this instrument gained +0.12% with the lowest point at 0.504400 USDT and the highest point at 0.512300 USDT. The deviation from the price is +0.85% for the low point and -0.70% for the high point.

0.504400

0.512300

0.508700

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

A study of price movements over other periods shows the following variations:

Abnormal volumes on LOOPRING - LRC/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of LOOPRING - LRC/USDT in Daily 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 market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.188000	0.276800	0.448900	0.508700	0.511000	0.591600	0.657900
Change (%)	-63.04%	-45.59%	-11.76%	-	+0.45%	+16.30%	+29.33%
Change	-0.320700	-0.231900	-0.059800	-	+0.002300	+0.082900	+0.149200
Level	Major	Intermediate	Intermediate	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.479767	0.491433	0.499767	0.511433	0.519767	0.531433	0.539767
Camarilla	0.502600	0.504433	0.506267	0.508100	0.509933	0.511767	0.513600
Woodie	0.478100	0.490600	0.498100	0.510600	0.518100	0.530600	0.538100
Fibonacci	0.491433	0.499073	0.503793	0.511433	0.519073	0.523793	0.531433

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.169900	0.335700	0.421900	0.587700	0.673900	0.839700	0.925900
Camarilla	0.438800	0.461900	0.485000	0.508100	0.531200	0.554300	0.577400
Woodie	0.130100	0.315800	0.382100	0.567800	0.634100	0.819800	0.886100
Fibonacci	0.335700	0.431964	0.491436	0.587700	0.683964	0.743436	0.839700

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.237033	0.000533	0.278367	0.515933	0.793767	1.031333	1.309167
Camarilla	0.414465	0.461710	0.508955	0.556200	0.603445	0.650690	0.697935
Woodie	-0.216900	0.010600	0.298500	0.526000	0.813900	1.041400	1.329300
Fibonacci	0.000533	0.197416	0.319051	0.515933	0.712816	0.834451	1.031333

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	61.49
MACD (12,26,9):	0.0550
Directional Movement:	29.594115
AROON (14):	50.000000
DEMA (21):	0.547065
Parabolic SAR (0,02-0,02-0,2):	0.501500
Elder Ray (13):	0.007926
Super Trend (3,10):	0.400649
Zig ZAG (10):	0.508800
VORTEX (21):	1.1420
Stochastique (14,3,5):	34.19
TEMA (21):	0.561690
Williams %R (14):	-77.36
Chande Momentum Oscillator (20):	0.052600
Repulse (5,40,3):	-3.6663
ROCnROLL:	1
TRIX (15,9):	2.5347
Courbe Coppock:	72.82

MA7:	0.527186
MA20:	0.471075
MA50:	0.341374
MA100:	0.309213
MAexp7:	0.517243
MAexp20:	0.471500
MAexp50:	0.390361
MAexp100:	0.366699
Price / MA7:	-3.51%
Price / MA20:	+7.99%
Price / MA50:	+49.02%
Price / MA100:	+64.51%
Price / MAexp7:	-1.65%
Price / MAexp20:	+7.89%
Price / MAexp50:	+30.32%
Price / MAexp100:	+38.72%

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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