LRC Token Technical Analysis | Is it Best Time to Buy LOOPRING ? Cryptoknowmics

Welcome Back to Cryptoknowmics!! 

We are here yet again to enlighten you with predictions from the Crypto community!! 

And today we present to you a technical analysis video on the LRC Token!

LRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralized crypto exchanges.

 

The live Loopring price today is $3.01 with a 24-hour trading volume of $1,943,286,885. Loopring is down 2.85% in the last 24 hours, with a live market cap of $3,992,433,584.

The LRC opened at $1.48 on 8 November and on 14 November it closed at $3.07. This amounted to a weekly change of 107.43%. In the later part of the week, the prices did find stability on the chart.

 

Let’s have a deepened insight into the technical analysis of LRC Token.

The price chart can be seen to show some stability on the price over the last few days. Considering the historical pattern of the chart, the price may remain stable for some time before showing a significant deviation again. Let us look at what the oscillators have to show.

The RSI is showing the beginning of a dip on the tip of the trend lines. This is signaling towards a price correction of the crypto.