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

Tuesday, August 09, 2022 09:22 AM | InvestorsObserver Analysts

Loopring receives an average long-term technical score of 51 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. LRC currently holds a superior long-term technical analysis score than 51% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Loopring a 51 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

The current trading price of $0.460000000 for LRC is -$0.0100000 (-2.17%) below the tokens 100-day moving average of $0.470000000. LRC meanwhile is $0.2000000 (-4154.17%) above its 52-week low of $0.250000000 and -$3.37000000 (-249.37%) under its 52-week high price of $3.830000000. Loopring's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 51. The price movement and range of LRC suggest that investors are neutral on the token at this time. Loopring has a total market value of $606,675,060.70 with an average average daily volume of $822,531,788.39 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 $107,717,955.89 exchanged in total.

Summary

Technical analysis of Loopring over the past year results in the crypto receiving a an average long-term technical score of 51 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Loopring (LRC).