Loopring/Tether (LRCUSDT) Market Overview: Uptrend Gains Momentum Amid Key Resistance

• Loopring/Tether (LRCUSDT) rose 0.87% in 24 hours, forming a bullish trend with expanding volatility and growing volume.
• Key resistance appears at $0.0876–$0.0885, with prior support confirmed near $0.0865–$0.0869.
• A bullish breakout above $0.0876 could target $0.0890–$0.0905, with RSI showing moderate momentum.
• Volume surged in the early morning session, with strong buying pressure pushing price to highs.
• A 15-minute bullish engulfing pattern emerged near $0.0870, signaling potential further upside.

Loopring/Tether (LRCUSDT) opened at $0.0850 on October 4, 2025, 12:00 ET – 1, and closed at $0.0876 by 12:00 ET on October 5, having traded between $0.0850 and $0.0902. Total 24-hour volume reached 7,850,889.0 with a notional turnover of $685,442.00, reflecting heightened market activity.

Structure & Formations

The price action on LRCUSDT showed a clear bullish bias over the past 24 hours, with multiple 15-minute bullish engulfing patterns emerging around key psychological levels. The most notable pattern appeared at $0.0870, where a strong bullish reversal formed after a brief consolidation phase. Additionally, a doji formed around $0.0885 in the early hours of October 5, indicating a possible short-term equilibrium point. Key resistance levels appear at $0.0876–$0.0885 and $0.0890–$0.0905, while critical support lies near $0.0865–$0.0869. The price may test these levels in the coming 24 hours as volatility remains elevated.

Moving Averages & MACD/RSI

On the 15-minute chart, the 20- and 50-period moving averages show a strong bullish crossover in the last 6 hours, confirming the upward momentum. The 50-period MA now sits just below the 100-period MA, indicating a potential medium-term bullish trend. The MACD histogram has turned positive and continues to expand, signaling sustained buying pressure. The RSI remains in overbought territory (above 65), but shows no signs of divergence, suggesting the rally may continue. Traders may watch for a RSI pullback below 60 as a potential pause or consolidation signal.

Bollinger Bands & Fibonacci Retracements

Bollinger Bands reflect increased volatility, with price frequently testing the upper band over the past 8 hours, especially after the breakout from the $0.0870 level. The bands are widening, indicating a potential continuation of the trend. On the Fibonacci retracement levels applied to the recent swing from $0.0850 to $0.0902, price is currently near the 38.2% level at $0.0876. A break above the 50% level at $0.0876 would confirm the strength of the upward trend, while a pullback to the 61.8% level at $0.0865 could offer a short-term entry for longs.

Volume & Turnover

Volume spiked significantly during the early morning hours, with the highest volume candle (amounting to $5.4 million in notional value) appearing around 02:45 ET. This was accompanied by a strong price move to $0.0885, indicating strong buyer conviction. Notional turnover has shown a positive correlation with price, suggesting the move is backed by real demand rather than speculative noise. However, volume has declined slightly in the last 6 hours, which could indicate a potential pause in the short-term rally.

Backtest Hypothesis

A potential backtesting strategy could focus on capturing the bullish momentum following 15-minute engulfing patterns above key psychological support levels, using a tight stop-loss just below the pattern's low. Given the recent volume surges and confirmed breakout patterns, this strategy could be tested on similar setups in the $0.0865–$0.0870 range, with take-profit levels at $0.0875 and $0.0885. The RSI and MACD can serve as filters to ensure momentum remains strong and divergence is absent.