Loopring Activates Long-Term Support (1,355% Growth Potential) Here we have an interesting pair, one that grew more than 3,000% from early 2020 through late 2021, an astonishing feat. We are talking about Loopring (LRCBTC).
We have two lows from the past, 2019 and 2020. These are four and five years old; and eternity in Cryptocurrency market terms.
The same level that started the 2020/21 bull-market, has been activated now in late 2024, and we have some early reversal signals.
In this exchange we have a double-bottom and even a higher low, depending which low we take into consideration (2019 or 2020); but when we look at other exchanges, the 2024 low is a clear lower low, so all gains have been removed long-term and the possibility for a new All-Time High diminishes.
We are going to be conservative in our projections for this one and we will aim mainly at 1,355% growth potential.
The 790% target mapped on the chart can be a level to consider for partial profits/selling. How you approach the pair/chart/targets is up to you and should be based on your own capital, trading goals, style, strategy, etc.
It is now only a matter of time before the bulls enter the game with force. It can be just a week or two, just as it can be 2-3 months. Since we are focusing on the long-term, it doesn't really matter; the longer it takes, more time to accumulate; buy and hold. If it moves right away, the great entry price is gone but we know that plenty of room is left available for additional growth.
The time is now.
An opportunity of a lifetime is in front of us.
Thanks a lot for your continued support.
It will be great to update these charts, and see the interactions six months from now... Where will we be? How are we going to feel?
The market is in extreme fear now, we will be looking at greed, happiness and complacency in those future days. I will be working hard, that's sure. That's all I know, I'll continue to do my best.
I am wishing you increasing success.
Namaste.
