$0.26
+ $0.01 (3.24%)
End-of-day quote: 2022-10-17
LRC/USD

Is Loopring on an upswing?

No, since April 6, 2022, Loopring has been in a long-term downward trend and has decreased by -73.2 percent over that period. The 200-day line is currently 88.51 percent away from the current price. It is 41.33 percent away from the 100-day line and 19.66 percent away from the 50-day line.

EMA 200-day line
EMA 100-day line
EMA 50-day line
SMA 200-day line
SMA 100-day line
SMA 50-day line

The Loopring Forecast for 2023

Let's take a deeper look at the one-year forecast since it is the most precise of the analysts' forecasts.

Analysts had a wide range of forecasts for the Loopring price over the next year. The most optimistic predicted a 12-month price target of $0.30, implying an 87 percent raise, while the worst-case scenario would be $0.23.

The most recent average price target for the next year is $0.26, and it's the most crucial.

This means that Loopring has a potential -0.2% decrease in value for 2023.

LRC - Relative Strength Forecast

Loopring broke through the 25 strength line from above on and then changed into a trend, which thereby generated sell signals that lasted one month.

LRC - Trend Prediction

LRC - Price Volatility Prediction

LRC - Relative Strength

LRC - Momentum Forecast

In we then see weak volatility for Loopring for a longer period of time which led to negative signals for Loopring.

What Does the Future Hold for Loopring?

Loopring's long-term prospects appear to be excellent. 3 analysts predicted that Loopring would reach $0.26 by March 2025. The Loopring price is expected to be $0.26 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $0.26.