As BTC is entering a stabilization phase, Loopring (LRC) might be a coin you could consider on adding to your portfolio for the next 24 hours or so on Binance.
From a TA standpoint, MACD has crossed on the 4 hour, and the oscillators are showing strong momentum. This is a classic setup for a coin to make like 10% in 1-2 days, especially on Binance coins. Now, people have lost money on the bitcoin correction and that might add a FOMO factor that would increase the price even more.
Furthermore, the Stoch RSI is around 70-60. So yeah, if you stick to the technicals, LRC has a lot of potential for short term, because it has some room for growth on the 4hr.
But of course pay attention to BTC, this nasty lil kid could always ruin this investment.
As always, don't invest blindly on the coin I'm analysing. Do your own research and pay attention to the market sentiment for BTC -0.06% before investing.
From a TA standpoint, MACD has crossed on the 4 hour, and the oscillators are showing strong momentum. This is a classic setup for a coin to make like 10% in 1-2 days, especially on Binance coins. Now, people have lost money on the bitcoin correction and that might add a FOMO factor that would increase the price even more.
Furthermore, the Stoch RSI is around 70-60. So yeah, if you stick to the technicals, LRC has a lot of potential for short term, because it has some room for growth on the 4hr.
But of course pay attention to BTC, this nasty lil kid could always ruin this investment.
As always, don't invest blindly on the coin I'm analysing. Do your own research and pay attention to the market sentiment for BTC -0.06% before investing.
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