Loopring (LRC): How Does it Rank Saturday on Long-Term Trading Metrics?

Saturday, January 15, 2022 07:26 PM | InvestorsObserver Analysts

Loopring receives a weak long-term technical score of 12 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, LRC holds a superior long-term technical analysis score than 12% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Loopring a 12 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Loopring!

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Trading Analysis

LRC is currently -$0.3700000 (-20.61%) below its 100-day moving average price of $1.780000000 with its current price of $1.420000000. Meanwhile, Loopring is $1.2400000 (-5486.99%) above its 52-week low price of $0.170000000 and -$2.41000000 (-224.28%) below its 52-week high of $3.830000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 12. Trends for the long-term trading history of Loopring suggest that traders are currently bearish on the token. Loopring has a total market value of $1,882,212,041.38 with an high average daily volume of $1,674,509,127.00 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, LRC's volume is below its average with $331,137,383.54 exchanged in total.

Summary

Trading patterns over the last year for Loopring leads to the token's a weak long-term technical score of 12 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token. Click Here to get the full Report on Loopring (LRC).