Market Overview for Loopring/Tether (LRCUSDT): 2025-12-13

Summary
• Price surged from $0.0557 to $0.0800 before consolidating near $0.0670 amid heavy volume.
• Momentum diverged in late hours, with RSI peaking near overbought and retreating.
• Volatility expanded sharply after 21:00 ET, with Bollinger Bands widening on the 5-min chart.
• Volume spiked 40x in a single 15-minute interval, confirming the breakout move.
• A bullish engulfing pattern formed at $0.056–$0.080, suggesting potential follow-through.

Loopring/Tether (LRCUSDT) opened at $0.0557, surged to a high of $0.0800, and closed at $0.0670 with a 24-hour low of $0.0555. Total volume reached 109,426,484.0, with notional turnover of $6,829,349. The market showed strong intraday volatility and a sharp breakout in early evening.

Structure & Formations

Price surged from $0.056 to $0.080, forming a bullish engulfing pattern. Key support emerged at $0.0650, with resistance testing at $0.0700–$0.0715. A bearish reversal pattern appeared in late trading at $0.0670–$0.0675, signaling potential short-term exhaustion. The $0.056–$0.064 zone became a strong confluence of prior support and Fibonacci retracement levels.

Moving Averages

On the 5-min chart, price surged above 20- and 50-period SMAs in late trading, indicating short-term strength. On the daily chart, the 50- and 100-period SMAs crossed lower, suggesting a potential bearish bias into the next 24 hours.

MACD & RSI

MACD crossed to the positive in late afternoon, confirming the upward move. RSI hit 68–70 in the 21:15–21:30 ET window, suggesting overbought conditions. However, a divergence appeared in the last 30 minutes, with RSI declining while price remained flat, hinting at a possible consolidation.

Bollinger Bands

Volatility expanded significantly after 21:00 ET, with bands widening on the 5-min chart. Price traded near the upper band during the surge, then returned toward the midline, showing reduced conviction.

Volume & Turnover

Volume spiked sharply in the 21:15 ET 15-minute candle, reaching 39,459,384.0, nearly 40x the prior candle. Turnover spiked to $2,900,000 in that period, confirming the breakout. Later volume declined, with price consolidating in a narrower range despite moderate buying pressure.

Fibonacci Retracements

The $0.056–$0.080 rally saw key retracements at $0.069 and $0.065. Price stalled near $0.069 and found support at $0.065, aligning with the 38.2% and 61.8% levels. These levels may serve as pivots for the next 24 hours.

Price appears to be consolidating after a sharp 45% intraday surge. A breakout above $0.070 may re-ignite bullish momentum, while a drop below $0.064 could trigger a test of $0.056. Investors should remain cautious of divergence in momentum and potential profit-taking.