It’s been a quiet eight months for Loopring (LRC)—until now.
Crypto traders were caught by surprise as the Ethereum-based Layer 2 token began showing signs of life, breaking out of a prolonged downtrend.
According to popular analyst Agamemnon Demetrius Acacius, “$LRC is just breaking out of an 8-month trend, we can see a 50% candle anytime soon.”
Also Read: Loopring Price Prediction for 2025, 2026, and 2030!
LRC Price Outlook
The current live price of Loopring (LRC) stands at $0.0959. Meanwhile, Tezos (XTZ) hit an all-time high of $9.12 on October 4, 2021, and an all-time low of $0.3505 on December 7, 2018.
Technical Outlook: Mixed but Promising
Loopring is showing short-term bullish momentum, but long-term indicators remain cautious. The token is still trading well below its all-time high, and market cap growth has been sluggish.
However, the recent breakout and fresh inflows of capital hint at a possible shift in investor sentiment, at least for now.
With technicals flashing bullish and large buys flooding in, Loopring is once again back in the spotlight.
LRC Short Term Outlook
According to the latest analysis, LRC could reach $0.1325 within the next 10 days, building on its recent momentum.
With sustained adoption and favorable market conditions, LRC could surge to $1.41. Analysts believe zkRollup protocols like Loopring may play a central role in Ethereum’s future.
Loopring’s recent breakout has sparked renewed interest in this under-the-radar Ethereum Layer 2 solution. While long-term headwinds remain, bullish technical indicators and price predictions point to a potentially brighter road ahead.
