Market Overview: Loopring/Tether (LRCUSDT) — 2025-11-10

• LRCUSDT traded in a tight range before breaking out on the upside in early ET.• Momentum accelerated between 22:15 and 03:30 ET, with the pair reaching a 24-hour high of 0.0673.• Volatility picked up in the early hours of the morning as volume and turnover surged.

Loopring/Tether (LRCUSDT) opened at 0.0650 on 2025-11-09 at 12:00 ET and reached a high of 0.0673 before closing at 0.0658 on 2025-11-10 at the same time. The 24-hour window saw a total volume of 10,186,329 and a notional turnover of approximately 654,760.05 USD.

Structure & Formations

Over the last 24 hours, LRCUSDT formed a bullish structure as price broke out of a consolidation phase between 0.0645 and 0.0655. A key resistance level appeared around 0.0673, marked by a strong rejection candle at 03:30 ET. A support level at 0.0645 was tested twice without a break. A notable bullish engulfing pattern formed between 19:00 and 19:15 ET, followed by a continuation of the upward trend.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed in favor of the bulls, forming a golden cross. On the daily chart, the 50-period MA (0.0639) remains above the 200-period MA (0.0627), indicating a slightly bullish bias in the longer term.

MACD & RSI

The MACD line crossed above the signal line at 19:00 ET, confirming a bullish momentum shift. RSI reached 58 at the peak of the move and has since retreated toward 50, suggesting that the pair remains within a balanced momentum phase with room for further consolidation. No overbought or oversold conditions were observed during the 24-hour window.

Bollinger Bands

Volatility increased as price moved above the upper Bollinger Band for the first time in the session at 03:15 ET. The bands themselves expanded from a range of 0.0003 to 0.0006, indicating a period of rising uncertainty. Price closed just below the upper band, suggesting the possibility of a retest in the near term.

Volume & Turnover

Volume surged from 100,000 to over 1,000,000 between 03:00 and 05:00 ET, coinciding with a sharp price move to 0.0673. Turnover also increased sharply during this window, aligning with the price move. A divergence between price and volume was observed in the final 3 hours of the session as volume declined while price remained near its high.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.0645 to 0.0673, price retraced to the 38.2% level at 0.0663 before consolidating. On the daily chart, the 61.8% retracement level of the prior 7-day range at 0.0648 was tested and held.

Backtest Hypothesis

The “Bullish Engulfing 3-Day Hold” strategy tested on LRCUSDT from 2022 to 2025 struggled to deliver positive returns, especially in the current market environment. While the 15-minute chart showed a bullish engulfing pattern during the session, this signal alone may not be sufficient for a robust trade setup. The strategy's performance could be improved by incorporating trend confirmation filters, stop-loss levels, and adaptive holding periods. Given the recent volatility and momentum buildup, traders should remain cautious and avoid relying solely on single pattern setups without additional filters.