Market Overview for Loopring/Tether (LRCUSDT) – 2026-01-17

Summary
• Price surged from $0.0514 to $0.0548 amid rising volume and bullish momentum.
• A 5.4% increase in 24 hours suggests strong institutional or retail buying pressure.
• Bollinger Bands show increasing volatility, with price at the upper band.
• RSI near 65 signals moderate bullish strength but not yet overbought.
• Volume and turnover are aligned with price, confirming the uptrend.

Loopring/Tether (LRCUSDT) opened at $0.0514 on 2026-01-16 12:00 ET, hit a high of $0.0552, a low of $0.0510, and closed at $0.0543 at 12:00 ET on 2026-01-17. The total volume traded over the 24-hour window was approximately 12,598,409 LRC, with notional turnover reaching $669,984.

Structure & Formations

The 24-hour candlestick pattern displayed a strong bullish bias, with several higher highs and lower lows forming a clear ascending trend. Notable patterns include a bullish engulfing formation during the early part of the session and a potential resistance level forming near $0.0550–0.0552. A key support level appears to be in the $0.0535–0.0536 range, where the price tested and bounced multiple times.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages both showed steep upward momentum, with the price consistently trading above both. On the daily chart, the 50-period moving average acted as a dynamic support level, suggesting that the broader trend is still firmly bullish.

MACD & RSI

The MACD line showed a consistent positive divergence throughout the session, with the histogram expanding as bullish momentum increased. The RSI climbed to 64–65 during the peak of the rally, indicating moderate strength without reaching overbought territory. This suggests the rally could still have room to run before encountering meaningful resistance.

Bollinger Bands

Bollinger Bands widened during the session, reflecting increased volatility. Price spent much of the day near or at the upper band, especially in the latter half of the session, signaling strong conviction in the bullish move. A break above the upper band could indicate a continuation of the trend, but a pullback to the mid-band could offer a re-entry point for longs.

Volume & Turnover

Volume expanded alongside the price rally, particularly in the 4–5-hour period following 02:00 ET. Notional turnover also increased in line with price, showing no signs of divergence. This alignment suggests the price move is backed by real participation and not just retail hype.

Fibonacci Retracements

Recent 5-minute swings suggest that the 61.8% retracement level is near $0.0547–0.0549, where the price has shown some consolidation. For the broader daily move, key Fibonacci levels could be observed at 38.2% near $0.0542 and 61.8% near $0.0550. A close above $0.0552 could signal a potential continuation of the bullish trend.

The market appears to be in a strong short-term bullish phase, supported by rising volume and confirmed by technical indicators. While the RSI is not yet overbought, continued buying above $0.0545 could signal deeper institutional involvement. Traders should watch for a potential pullback to the $0.0535–0.0536 area for entry opportunities. As always, be mindful of the risk of a sudden reversal, especially near key Fibonacci and resistance levels.