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LRCUSDT.PS trade ideas

LRC Bullish Surge: Your Golden Opportunity to Buy**Short Fundamental Analysis of Loopring (LRC)** Loopring is a Layer 2 scaling solution for Ethereum (ETH) that utilizes zkRollups to enable faster and cheaper transactions. zkRollups are a type of Layer 2 scaling solution that cryptographically verifies transactions off-chain, allowing them to be processed more efficiently than on-chain transactions. This makes Loopring a promising solution for scaling Ethereum, as it can significantly reduce transaction fees and improve transaction throughput. **Recent News** * **Loopring 3.0 Release:** Loopring recently released Loopring 3.0, which is a major upgrade that introduces a number of new features, including a new fee structure, support for more tokens, and improved scalability. * **Partnerships with Major Exchanges:** Loopring has partnered with a number of major exchanges, including Binance, Huobi, and OKEx, to integrate its zkRollup technology into their platforms. This will make it easier for users to trade LRC and other assets on these exchanges. * **Growing User Base:** Loopring's user base has continued to grow in recent months, as more and more people are becoming aware of the benefits of using a Layer 2 scaling solution. **Disclaimer** Please note that I am not a financial advisor and this is not financial advice. The content of this article is for informational purposes only and should not be construed as financial advice. Always do your own research before making any investment decisions. **Key Takeaways** * Loopring is a promising Layer 2 scaling solution for Ethereum. * Loopring 3.0 is a major upgrade that introduces a number of new features. * Loopring has partnered with a number of major exchanges. * Loopring's user base is growing rapidly.
Long
by MoonTradingForecast
Buy LRC LRC has been consolidating above the EMA50D for two weeks. On 12H TF, it broke the trendline. When looking at the LRC/BTC pair (see in comment), price is at long-term support. History shew that, LRC would bounce hard from this support. Proposed trade setup is as in chart. Disclaimer: This analysis is based on my personnal views and is not a financial advice. Risk is under your control. --------- info about LRC -------------- LRC typically refers to Loopring (LRC), a decentralized exchange (DEX) protocol built on the Ethereum blockchain. Loopring aims to facilitate the exchange of digital assets while allowing users to maintain custody of their funds throughout the trading process. The Loopring protocol enables the creation of decentralized exchanges and is designed to provide scalability, security, and liquidity to the decentralized trading ecosystem. It uses a combination of on-chain and off-chain processes to execute trades, utilizing a concept called zkRollups to batch and settle transactions on the Ethereum blockchain.
Long
by evasivesteering
✴️ Loopring Ready For Major Bullish Explosion (500% Possible)Here is another incredible chart, things will soon get out of control; A bullish disorder. Loopring (LRCUSDT) has been rising strong since 19-Oct and is showing a super high RSI. While the RSI looks great, the current price is barely trading above the early November 2022 low. This means that growth potential is still intact and the bullish bias strong right from the get go. The volume lines can be tricky, they seem pretty small but it is not about the size but the size compared to previous days, previous sessions. Lately, the trading volume has been 3, 4, 5 times above the average in the past 7 months, telling us clearly that behind the scenes the bulls, smart money and emotionally well balanced people are already buying up. What follows is a bullish wave, no surprise, with a target of 500% or more. We can look closer, 50%, 100% and 148% can happen within this month or within days. When it moves it moves fast and strong. The consolidation phase can take many months but the breakout alone can produce 100% in a single day, sometimes less, sometimes more. Namaste.
Long
by MasterAnanda
5
LRC Loopring - Quiet before the STORM ?Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 Loopring / LRCUSDT has been trading under its 50 day moving average for a few weeks now (this is the weekly chart). This means that the chart is heavily oversold from the MA perspective and a correction is due. This is bullish, because a correction back towards the 50d MA is expected , even if we get rejected there it will still be an easy, low risk high reward setup that could provide +140%. Keep an eye out on this altcoin and the price action along the moving averages ! Have a great weekend, the charts will be here on Monday 🥂 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
23
LRC/USDT bullish ride? 👀 🚀 Loopring Today Analysis💎 Paradisers, brace yourselves as we've spotted a promising opportunity with LRCUSDT, poised for a potent bullish surge following a retest of its formidable support. 💎 In our prior observations, LRC navigated within a descending channel. After breaking free, it faced rejection at the supply level of .1772. Interestingly, it's now revisiting the channel's support, which previously played the role of resistance. 💎 Currently, the odds are in favor of it embarking on a bullish trajectory from the solid support level at .1644. This is further bolstered by the presence of untouched supply zones overhead, indicating a potential visit to these levels in the foreseeable future. 💎 However, on the flip side, should the price breach the .1644 support, we might witness a notable downward shift. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insight
Long
by MyCryptoParadise_Simon