Loopring Token Is Perpraing For Another Bounce Back?

• Loopring token is currently trading near the 50-day moving average line, while comfortably trading above the 100 and 200-day lines.   
• The digital asset is presently manages to sustain above the $2.00 mark, but the volume activity is lower and needs a sharp increment.
• The pair of LRC/BTC is trading at 0.00004453 BTC with the intraday activity of -3.77%, and the ratio of LRC/ETH is CMP at 0.000556 ETH with a 24-hour change of -2.90%. 

Loopring token over the monthly chart is trading on a neutral note and still looking positive for further bullish move. The crypto asset over the monthly chart is trading in a strong uptrend, while witnessing a graduall decline from the higher levels. The overall medium to long-term trend is still postive, as the crypto asset is managing to sustain above 100, and 200-day lines. Moreover, the volume activity is lower and needs a strong increment above its average volume line.

The near-term trend is sideways and we can expect the upcpoming bullish momentum only once the crypto asset manages to sustain above 50 and 100-DMA lines. Support on the lower side is $2.02 and $1.65, whereas resistance on the higher side is $2.80 and $3.24. 

Loopring token is trading near the support zone and the technical parameters are still sideways

Loopring token at the weekly chart is trading near the support zone and the technical parameters are still sideways. Volume activity at the chart is lower and needs to improve strongly for the next lap of upside momentum. LRC price is trading at $2.12 with an intraday drop of -1.80%, and the volume to total value locked ratio is at 4.97.  

Relative Strength Index (NEUTRAL): Loopring token RSI is heading flat after a decline from the higher zone. The coin is trying to recover from the current levels after selloff from higher levels and RSI at 38. 

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