Crypto Analyst Believes LRC Could See 16% Price Increase

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• It seems like LRC has finally reached its bottom, and could go up from its current price.
• LRC is currently trading at $0.3051 after a 1.20% increase in price over the last 24 hours.
• Loopring was also able to strengthen against Bitcoin.

Income Sharks, a Twitter (NYSE:TWTR) user that specializes in crypto and market education as well as crypto analysis and predictions, took to Twitter on September 30 to share their thoughts on the price movement of Loopring (LRC). According to Income Sharks, it seems like the crypto has reached its bottom.

The Twitter user also stated that they are “still bullish on the ZK Rollup plays,” and that they are convinced that the LRC chart is about as “bottomed as it can get.” Income Sharks also expressed their appreciation for the fact that the LRC team regularly puts out fundamentals and updates for the community.

The analyst is taking a bullish stance on LRC and believes that the crypto can see an increase in price of up to 16%.

Loopring/Tether US 1-Day (Source: CoinMarketCap)

According to crypto market tracker CoinMarketCap, LRC is currently trading at $0.3051 after a 1.20% increase in price over the last 24 hours, and after reaching a high of $0.3059 over the same period. When looking at the longer time-frames, LRC is down just under 1% over the last seven days.

The 24-hour trading volume is in the red by about 33.47% to now stand at $37,839,128. LRC was also able to strengthen against Bitcoin (BTC), the crypto market leader, by around 0.31%. However, LRC weakened against the biggest altcoin by market cap, Ethereum (ETH), by about 0.10%.

LRC is currently the 86th biggest crypto in terms of market capitalization, with its market cap of $406,061,452. This places LRC right behind Mina (MINA) in the 85th position and in front of STEPN (GMT) in the 87th position.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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