Loopring price prediction
Our price prediction is based on hi-resolution deal analysis from cryptocurrency exchanges. We are collecting and gather statistics to obtain price support levels that show most important zones witch traders want to buy or sell stocks. These buy/sell histograms showed in report combined with current trend analysis can be used to build high probability forecasting of future price trends. It also can be useful to set a price on calculated levels to be sure maximum profit was received.Disclaimer
Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. All trading strategies are used at your own risk. This page performs statistical analysis of past data and can be used for assumptions about the future only taking into account the statistical probability
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Loopring price levels prediction for next 7 days
Next 7 days brief prediction
Price of LRC is now on EDGE at $0.01983. So the next scenario is able. If price will go up it will spend next in CHANNEL near to $0.02172 with $0.02328 as upper border and $0.01983 as bottom. If price will go down, it will FALL with support level $0.01983Historic price levels for next 7 days
These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
| Price | Weight(level power) | Date of formation |
|---|---|---|
| $0.026993263512849808 | Weight: 7.121 | 20 Aug 2020 |
| $0.025675714015960693 | Weight: 20.339 | 29 Sep 2020 |
Volume profile price channel in 7 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.01983 | Edge price dividing trends based on 7 days movements |
| 0.02328 | Channel maximum price resist level based in case of RAISE trend on 7 days movements |
| 0.01983 | Channel minimum price resist level based in case of RAISE trend on 7 days movements |
| 0.01983 | Minimum price support level in case of FALL trend based on 7 days movements |
Loopring price levels prediction for next 30 days
Next 30 days brief prediction
Price of LRC is now on EDGE at $0.0195. So the next scenario is able. If price will go up it will spend next in CHANNEL near to $0.023400001 with $0.029550001 as upper border and $0.0195 as bottom. If price will go down, it will FALL with support level $0.0195Historic price levels for next 30 days
These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
| Price | Weight(level power) | Date of formation |
|---|---|---|
| $0.04206666722893715 | Weight: 12.969 | 26 Nov 2018 |
| $0.026993263512849808 | Weight: 7.121 | 20 Aug 2020 |
| $0.025675714015960693 | Weight: 20.339 | 29 Sep 2020 |
Volume profile price channel in 30 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 0.0195 | Edge price dividing trends based on 30 days movements |
| 0.029550001 | Channel maximum price resist level based in case of RAISE trend on 30 days movements |
| 0.0195 | Channel minimum price resist level based in case of RAISE trend on 30 days movements |
| 0.0195 | Minimum price support level in case of FALL trend based on 30 days movements |
Highly correlated currencies
| Coin | Correlation | Links |
|---|---|---|
| First tier | ||
Bitcoin Cash
BCH
|
0.933699 | details, prediction |
KuCoin Shares
KCS
|
0.88849276 | details, prediction |
Cardano
ADA
|
0.85314393 | details, prediction |
Ethereum Classic
ETC
|
0.8151814 | details, prediction |
ZCash
ZEC
|
0.81134087 | details, prediction |
| Second tier | ||
Bitcoin Gold
BTG
|
0.98769814 | details, prediction |
Siacoin
SC
|
0.9831753 | details, prediction |
Theta Fuel
TFUEL
|
0.98177826 | details, prediction |
Request Network
REQ
|
0.9796508 | details, prediction |
Waves
WAVES
|
0.96648073 | details, prediction |
| Third tier | ||
Kleros
PNK
|
0.9799417 | details, prediction |
IoTeX
IOTX
|
0.9780304 | details, prediction |
Chronobank
TIME
|
0.9648718 | details, prediction |
AdEx
ADX
|
0.95636356 | details, prediction |
Internet of Services
IOST
|
0.95510954 | details, prediction |
This report should be leaned to get most info about heading trends. It means that Loopring price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies - Bitcoin, Ethereum and Ripple, so the prediction of their prices will affect the price of Loopring
Low correlated currencies
| Coin | Correlation | Links |
|---|---|---|
| First tier | ||
TRON
TRX
|
-0.71201116 | details, prediction |
UNUS SED LEO
LEO
|
0.045195997 | details, prediction |
Binance Coin
BNB
|
0.5482254 | details, prediction |
Stellar
XLM
|
0.5538337 | details, prediction |
Ethereum
ETH
|
0.60804147 | details, prediction |
| Second tier | ||
Decred
DCR
|
-0.43154007 | details, prediction |
Dai
DAI
|
-0.27992138 | details, prediction |
True USD
TUSD
|
0.17987399 | details, prediction |
Nexo
NEXO
|
0.2535421 | details, prediction |
Verge
XVG
|
0.43789107 | details, prediction |
| Third tier | ||
Dent
DENT
|
-0.39375737 | details, prediction |
Ontology
ONT
|
-0.23270798 | details, prediction |
Propy
PRO
|
-0.014699937 | details, prediction |
NKN
NKN
|
0.09387761 | details, prediction |
OPEN Platform
OPEN
|
0.09801349 | details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)