LOOPRING - LRC/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	LRCUSD
ISIN:

LOOPRING - LRC/USD - Daily - Technical analysis published on 03/16/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 0.332249 USD

My targets

0.393620 USD (+11.20%)

0.415229 USD (+17.30%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on LOOPRING - LRC/USD. As long as you are above the support located at 0.332249 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.393620 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.415229 USD as an objective. Crossing it would then enable buyers to target 0.449924 USD. If the support 0.332249 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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

LOOPRING - LRC/USD rating 0.353987 USD. The price has increased by +11.05% since the last closing and was between 0.308366 USD and 0.385716 USD. This implies that the price is at +14.79% from its lowest and at -8.23% from its highest.

0.308366

0.385716

0.353987

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of this Daily chart of LOOPRING - LRC/USD indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.217316	0.262805	0.332249	0.353987	0.359261	0.415229	0.449924
Change (%)	-38.61%	-25.76%	-6.14%	-	+1.49%	+17.30%	+27.10%
Change	-0.136671	-0.091182	-0.021738	-	+0.005274	+0.061242	+0.095937
Level	Intermediate	Major	Major	-	Major	Minor	Intermediate

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	0.217288	0.261229	0.290000	0.333941	0.362712	0.406653	0.435424
Camarilla	0.298775	0.305441	0.312106	0.318771	0.325436	0.332102	0.338767
Woodie	0.209703	0.257437	0.282415	0.330149	0.355127	0.402861	0.427839
Fibonacci	0.261229	0.289005	0.306165	0.333941	0.361717	0.378877	0.406653

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.128891	0.186487	0.237547	0.295143	0.346203	0.403799	0.454859
Camarilla	0.258728	0.268688	0.278648	0.288608	0.298568	0.308528	0.318488
Woodie	0.125624	0.184853	0.234280	0.293509	0.342936	0.402165	0.451592
Fibonacci	0.186487	0.227993	0.253636	0.295143	0.336649	0.362292	0.403799

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.120248	0.220691	0.293177	0.393620	0.466106	0.566549	0.639035
Camarilla	0.318108	0.333959	0.349811	0.365663	0.381515	0.397367	0.413219
Woodie	0.106270	0.213702	0.279199	0.386631	0.452128	0.559560	0.625057
Fibonacci	0.220691	0.286750	0.327561	0.393620	0.459679	0.500490	0.566549

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):	47.41
MACD (12,26,9):	-0.0147
Directional Movement:	0.045540
AROON (14):	-64.285714
DEMA (21):	0.314458
Parabolic SAR (0,02-0,02-0,2):	0.267150
Elder Ray (13):	0.019937
Super Trend (3,10):	0.427630
Zig ZAG (10):	0.314759
VORTEX (21):	0.9229
Stochastique (14,3,5):	53.11
TEMA (21):	0.301020
Williams %R (14):	-44.77
Chande Momentum Oscillator (20):	-0.024168
Repulse (5,40,3):	-18.1687
ROCnROLL:	2
TRIX (15,9):	-0.6860
Courbe Coppock:	25.45

MA7:	0.316558
MA20:	0.333326
MA50:	0.366753
MA100:	0.299329
MAexp7:	0.325177
MAexp20:	0.336215
MAexp50:	0.339615
MAexp100:	0.323759
Price / MA7:	+11.82%
Price / MA20:	+6.20%
Price / MA50:	-3.48%
Price / MA100:	+18.26%
Price / MAexp7:	+8.86%
Price / MAexp20:	+5.29%
Price / MAexp50:	+4.23%
Price / MAexp100:	+9.34%

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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