LOOPRING - LRC/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	LRCUSDT
ISIN:

LOOPRING - LRC/USDT - Daily - Technical analysis published on 03/31/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

94%

My opinion

Bullish above 1.17 USDT

My targets

1.45 USDT (+12.40%)

1.56 USDT (+20.70%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on LOOPRING - LRC/USDT. This is a positive signal for buyers. As long as the price remains above 1.17 USDT, a purchase could be considered. The first bullish objective is located at 1.45 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.56 USDT as an objective. Crossing it would then enable buyers to target 2.03 USDT. In the event of a return below 1.17 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.6

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

Additional analysis

Quotes

LOOPRING - LRC/USDT rating 1.29 USDT. The price registered an increase of +1.58% on the session and was between 1.26 USDT and 1.33 USDT. This implies that the price is at +2.38% from its lowest and at -3.01% from its highest.

1.26

1.33

1.29

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by LOOPRING - LRC/USDT:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of LOOPRING - LRC/USDT indicates that the overall trend is bullish. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.54	0.83	1.17	1.29	1.45	2.03	2.81
Change (%)	-58.14%	-35.66%	-9.30%	-	+12.40%	+57.36%	+117.83%
Change	-0.75	-0.46	-0.12	-	+0.16	+0.74	+1.52
Level	Intermediate	Major	Minor	-	Minor	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.12	1.17	1.22	1.27	1.32	1.37	1.42
Camarilla	1.24	1.25	1.26	1.27	1.28	1.29	1.30
Woodie	1.12	1.17	1.22	1.27	1.32	1.37	1.42
Fibonacci	1.17	1.21	1.23	1.27	1.31	1.33	1.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.39	0.59	0.83	1.03	1.27	1.47	1.71
Camarilla	0.95	0.99	1.03	1.07	1.11	1.15	1.19
Woodie	0.41	0.60	0.85	1.04	1.29	1.48	1.73
Fibonacci	0.59	0.76	0.86	1.03	1.20	1.30	1.47

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.12	0.37	0.60	0.85	1.08	1.33	1.56
Camarilla	0.69	0.73	0.78	0.82	0.86	0.91	0.95
Woodie	0.10	0.37	0.58	0.85	1.06	1.33	1.54
Fibonacci	0.37	0.56	0.67	0.85	1.04	1.15	1.33

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):	71.70
MACD (12,26,9):	0.1200
Directional Movement:	26.04
AROON (14):	78.57
DEMA (21):	1.15
Parabolic SAR (0,02-0,02-0,2):	1.02
Elder Ray (13):	0.21
Super Trend (3,10):	0.92
Zig ZAG (10):	1.29
VORTEX (21):	1.2500
Stochastique (14,3,5):	89.63
TEMA (21):	1.27
Williams %R (14):	-8.61
Chande Momentum Oscillator (20):	0.36
Repulse (5,40,3):	5.1600
ROCnROLL:	1
TRIX (15,9):	1.3000
Courbe Coppock:	124.31

MA7:	1.17
MA20:	0.94
MA50:	0.86
MA100:	1.16
MAexp7:	1.18
MAexp20:	1.02
MAexp50:	0.97
MAexp100:	1.10
Price / MA7:	+10.26%
Price / MA20:	+37.23%
Price / MA50:	+50.00%
Price / MA100:	+11.21%
Price / MAexp7:	+9.32%
Price / MAexp20:	+26.47%
Price / MAexp50:	+32.99%
Price / MAexp100:	+17.27%

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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