LOOPRING - LRC/USD
LOOPRING - LRC/USD
- USD (-)
- Real time data - CoinMarketCap
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Change: -
Volume: -
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Type: Cryptocurrencies
Ticker: LRCUSD
ISIN:

LOOPRING - LRC/USD - 1H - Technical analysis published on 03/03/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
11%
56%
33%
My opinion
Bullish above 0.320271 USD
My targets
0.338200 USD (+4.86%)
0.375447 USD (+16.41%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.320271 USD remains possible. It is advisable to trade LOOPRING - LRC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.320271 USD. The next bullish objective for buyers is set at 0.338200 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.375447 USD. If there is any crossing, the next objective would be the resistance located at 0.442301 USD. PS: if there is a bearish break in the support located at 0.320271 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.1

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:
15 min. Daily Weekly

Additional analysis

Quotes

The LOOPRING - LRC/USD rating is 0.322518 USD. The price is lower by -0.21% since the last closing and was traded between 0.292850 USD and 0.340589 USD over the period. The price is currently at +10.13% from its lowest and -5.31% from its highest.

0.292850
0.340589
0.322518

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


A technical analysis in 1H of this LOOPRING - LRC/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



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

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour


Bullish harami cross

Type : Bullish

Timeframe : 1 hour


Long black line

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.273129 0.282784 0.304592 0.322518 0.338200 0.442301 1.283290
Change (%) -15.31% -12.32% -5.56% - +4.86% +37.14% +297.90%
Change -0.049389 -0.039734 -0.017926 - +0.015682 +0.119783 +0.960772
Level Minor Intermediate Major - Intermediate Minor Minor



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
Standard0.2806240.2911870.3071900.3177530.3337560.3443190.360322
Camarilla0.3158860.3183220.3207570.3231920.3256270.3280620.330498
Woodie0.2833430.2925470.3099090.3191130.3364750.3456790.363041
Fibonacci0.2911870.3013360.3076050.3177530.3279020.3341710.344319


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2028040.2289310.2760620.3021890.3493200.3754470.422578
Camarilla0.3030460.3097610.3164770.3231920.3299070.3366230.343338
Woodie0.2133050.2341820.2865630.3074400.3598210.3806980.433079
Fibonacci0.2289310.2569160.2742050.3021890.3301740.3474630.375447


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1548450.1881340.2375580.2708470.3202710.3535600.402984
Camarilla0.2642370.2718190.2794010.2869830.2945650.3021470.309729
Woodie0.1629140.1921680.2456270.2748810.3283400.3575940.411053
Fibonacci0.1881340.2197300.2392500.2708470.3024430.3219630.353560

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): 46.16
MACD (12,26,9): 0.0032
Directional Movement: -16.754188
AROON (14): -35.714286
DEMA (21): 0.326744
Parabolic SAR (0,02-0,02-0,2): 0.336879
Elder Ray (13): -0.006084
Super Trend (3,10): 0.334026
Zig ZAG (10): 0.318123
VORTEX (21): 1.0228
Stochastique (14,3,5): 41.02
TEMA (21): 0.325064
Williams %R (14): -50.21
Chande Momentum Oscillator (20): -0.003991
Repulse (5,40,3): -1.3159
ROCnROLL: -1
TRIX (15,9): 0.2285
Courbe Coppock: 2.83
MA7: 0.297739
MA20: 0.271644
MA50: 0.250959
MA100: 0.257201
MAexp7: 0.322354
MAexp20: 0.321445
MAexp50: 0.313612
MAexp100: 0.304256
Price / MA7: +8.32%
Price / MA20: +18.73%
Price / MA50: +28.51%
Price / MA100: +25.40%
Price / MAexp7: +0.05%
Price / MAexp20: +0.33%
Price / MAexp50: +2.84%
Price / MAexp100: +6.00%

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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