LRC is in uptrend from past few days
A decent chance for short-term investors
The current trend for LRC is an uptrend, and the token is moving around its 50 EMA (the blue line). At present the token is at its resistance level.
LRC on daily chart
Source: TradingView
Source: TradingView
On the daily chart we can see consolidated zones being formed and after few days we are either seeing a breakout or breakdown so if a similar zone is formed at current levels we can again expect the token to either give a breakout or breakdown. As soon as the token gives a breakout short-term investors can invest in it because the price after breakout is expected to rise to $0.3798 which is its near resistance.
MACD – The MACD has made a bullish crossover. A bullish crossing occurs when the blue line of the MACD surpasses the orange signal line upwardly. The daily chart of LRC has turned bullish, as shown by the MACD’s bullish crossover. The histogram bars shown in MACD are turning light green which
We współpracy z: https://www.thecoinrepublic.com/2023/01/15/decoding-the-lrc-a-technical-analysis-of-the-loopring-token/
