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Loopring (LRC) Falls 0.07%, Underperforms the Crypto Market Wednesday

Wednesday, July 20, 2022 05:20 PM | InvestorsObserver Analysts
Loopring (LRC) Falls 0.07%, Underperforms the Crypto Market Wednesday

Loopring (LRC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has declined 6.67% to $0.4256699016.

volatility - 45
InvestorsObserver is giving Loopring a 45 Volatility Rank. Find out what this means to you and get the rest of the rankings on Loopring!

Moderately Volatile

InvestorsObserver gives Loopring a moderate volatility rank of 45, placing it in the bottom 45% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. LRC's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Loopring price is favorably positioned going forward. With support set at $0.390402989497839 and resistance at $0.439773010125814. This positions Loopring with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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