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 12/17/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.298964 USDT

My targets

0.315582 USDT (+1.69%)

0.441858 USDT (+42.38%)

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/USDT as long as the price remains well above 0.298964 USDT. The buyers' bullish objective is set at 0.315582 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.441858 USDT. If there is any crossing, the next objective would be the resistance located at 0.744733 USDT. 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, 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

8.8

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

Additional analysis

Quotes

The LOOPRING - LRC/USDT price is 0.310343 USDT. The price has increased by +20.39% since the last closing and was traded between 0.251458 USDT and 0.310579 USDT over the period. The price is currently at +23.42% from its lowest and -0.08% from its highest.

0.251458

0.310579

0.310343

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Bearish opening

Type : Bearish

Timeframe : Openning

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

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of LOOPRING - LRC/USDT in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.210050	0.242407	0.262838	0.310343	0.441858	0.744733	1.284000
Change (%)	-32.32%	-21.89%	-15.31%	-	+42.38%	+139.97%	+313.74%
Change	-0.100293	-0.067936	-0.047505	-	+0.131515	+0.434390	+0.973657
Level	Intermediate	Major	Intermediate	-	Minor	Minor	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	0.234865	0.240360	0.249073	0.254568	0.263281	0.268776	0.277489
Camarilla	0.253880	0.255182	0.256485	0.257787	0.259089	0.260392	0.261694
Woodie	0.236475	0.241165	0.250683	0.255373	0.264891	0.269581	0.279099
Fibonacci	0.240360	0.245787	0.249140	0.254568	0.259995	0.263348	0.268776

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.194559	0.212014	0.234900	0.252355	0.275241	0.292696	0.315582
Camarilla	0.246693	0.250391	0.254089	0.257787	0.261485	0.265183	0.268881
Woodie	0.197276	0.213372	0.237617	0.253713	0.277958	0.294054	0.318299
Fibonacci	0.212014	0.227424	0.236944	0.252355	0.267765	0.277285	0.292696

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.136217	0.164812	0.190466	0.219061	0.244715	0.273310	0.298964
Camarilla	0.201202	0.206174	0.211147	0.216120	0.221093	0.226066	0.231039
Woodie	0.134747	0.164077	0.188996	0.218326	0.243245	0.272575	0.297494
Fibonacci	0.164812	0.185535	0.198338	0.219061	0.239784	0.252587	0.273310

Numerical data

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

Technical indicators

Moving averages

RSI (14):	68.39
MACD (12,26,9):	0.0129
Directional Movement:	14.714222
AROON (14):	92.857143
DEMA (21):	0.265570
Parabolic SAR (0,02-0,02-0,2):	0.231840
Elder Ray (13):	0.018392
Super Trend (3,10):	0.219676
Zig ZAG (10):	0.291765
VORTEX (21):	1.1009
Stochastique (14,3,5):	74.85
TEMA (21):	0.270995
Williams %R (14):	-7.76
Chande Momentum Oscillator (20):	0.053469
Repulse (5,40,3):	17.8027
ROCnROLL:	1
TRIX (15,9):	0.6698
Courbe Coppock:	32.80

MA7:	0.261151
MA20:	0.245477
MA50:	0.229468
MA100:	0.202637
MAexp7:	0.265236
MAexp20:	0.249283
MAexp50:	0.230415
MAexp100:	0.219624
Price / MA7:	+18.84%
Price / MA20:	+26.42%
Price / MA50:	+35.24%
Price / MA100:	+53.15%
Price / MAexp7:	+17.01%
Price / MAexp20:	+24.49%
Price / MAexp50:	+34.69%
Price / MAexp100:	+41.31%

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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