LRC/USDT : Loopring bullish presignal on going

LRC/USDT : Loopring bullish presignal on going

Context :

Following the last past week bearish price action on the crypto space, the LRC - Loopring, an interoperability solution L2 for CEX/DEX, was evolving within a bearish trend before reaching the key Fibo and auto similar move (Blue arrow) potential at 0,65 (// 28,800 - 32,400 area BTC) - Today with a strong bullish price action the LRC reached 1,24 area the bullish upside confirmation level to break to open a larger rise towards the next target.

Im really confident to see all the coin around interoperability chain / bridge surging this year ( ex: BICO, CELR, LRC,GRT,KSM...) it is a strong thematic...

Tactical view 3 to 6 weeks

buy any dips (1,00/0,95 perfect area) above 0,65 to play a break above 1,24 and play freelunch at 2,60 and and test of the former top in extension

Enjoy my friend !

(And don't hesitate to have a look to my website in signature we have nice giveaway/contest on going with the launch of our app in the next days :) )

Trade active:

LRC reached the buying area regarding the last price action - a direct rise now is on going with a break of 1,24 in the coming days

Trade active:

LTC surpassed 1,24 cancelling any bearish attack risk, so the next move is clearly to the upside , keep it safe in portfolio till reaching the target :)

Trade closed: stop reached:

Alternative target reached - new analysis coming soon