Price Analysis View Non-AMP

LRC Price Jumps 9%, Can It Break Above $0.1022?

Published by
Shrishesh Tanksalkar

LRC price posted a strong 9.21% overnight run, to trade at around $0.09951. The token’s market cap rose to $136.01 million, while trading volume hit $33.9 million. That being said, Loopring price ranged between a 24-hour low of $0.09082 and a high of $0.1178, signaling rising volatility as traders react to fresh momentum shifts.

Why is Loopring Price Going Up?

On August 8, Binance reduced LRC’s collateral ratio from 40% to 25% for portfolio margin users. This change allows traders to borrow more against their LRC holdings, boosting liquidity and speculative leverage. The policy shift came alongside a massive 2362% surge in trading volume to $337 million.

Looking forward, I am confident that derivatives market data, especially the open interest trends on Binance, will be crucial. That being said, maintained buying pressure in leveraged positions may help LRC overcome near-term resistance levels. However, the overbought RSI signals the possibility of a short-term pullback before any move higher up.

LRC Price Analysis

LRC on its price chart recently broke above its 50% Fibonacci retracement level at $0.0974. The RSI-14 currently sits at 57.57, indicating short-term overbought conditions. While the MACD histogram is rising to +0.00086901, further confirming growing upward momentum.

The Loopring price has held well above its 30-day SMA at $0.0885, fostering a bullish structure. A confirmed close above $0.1022. Contrarily, a failure to maintain $0.097 support may invite a retest of the $0.0885 SMA.

FAQs

Why is the LRC price up today?

LRC surged after Binance lowered its collateral ratio, making it easier for traders to borrow against LRC and take leveraged positions, increasing speculative demand.

What Loopring price levels should traders watch?

Key support lies at $0.097 and $0.0885, while resistance levels are $0.1022 and $0.1082. A breakout above $0.1082 could extend the rally.

Is LRC overbought now?

Yes, the RSI-14 at 57.57 indicates short-term overbought conditions, but the rising MACD shows underlying bullish momentum.

Shrishesh Tanksalkar

Shrishesh is a versatile writer with 2+ years of experience in cryptocurrencies. An engineer turned storyteller, this selective introvert is a wannabe biker on weekends.

Recent Posts

Pi Network News: Pi Coins Lists on Payochain, Is New ATH Loading?

In a major step towards reaching another milestone, Pi Network’s native token Pi has been…

September 24, 2025

Hyperliquid Price Prediction 2025, 2026 – 2030: Will HYPE Price Hit A New ATH?

Story Highlights The live price of the Hyperliquid crypto is . The 2025 HYPE price…

September 24, 2025

Michael Saylor Urges U.S. to Treat Bitcoin as a National Digital Reserve

Michael Saylor, the executive chairman of MicroStrategy and one of Bitcoin’s strongest supporters, is once…

September 24, 2025

PancakeSwap Price Breakout – Can Bulls Push it Beyond $3?

CAKE, the native token of PancakeSwap, has ignited fresh excitement in the crypto market following…

September 24, 2025

Crypto ETF News: Bitcoin and Ethereum ETFs Bleed $244 Million

On September 23, both spot Bitcoin and Ethereum ETFs recorded a second straight day of…

September 24, 2025

XRP, Solana, and Pepeto: What Analysts Are Saying Ahead of January

Crypto analysts are buzzing with bold forecasts, and three names keep coming up, XRP, Solana,…

September 24, 2025