Market Overview for Loopring/Tether (LRCUSDT) – 24-Hour Analysis (2025-10-13)

• Price fluctuated between 0.0715 and 0.0750 with a final close of 0.0746
• Moderate volume and turnover suggest mixed sentiment and no clear trend
• RSI hovered near 50, while MACD remained flat — indicating consolidation
• Volatility expanded during the last 4 hours with a break above key resistance
• A bullish divergence in the last 3 candles may suggest short-term buying interest

Loopring/Tether (LRCUSDT) opened at 0.0717 on 2025-10-12 at 12:00 ET and closed at 0.0746 by 12:00 ET on 2025-10-13. The pair traded between 0.0715 and 0.0750, with total volume of 4,363,242.0 and notional turnover of 311.66. The market showed signs of consolidation early on, followed by a gradual push higher through the latter half of the period.

Structure & Formations

Price formed a broad consolidation pattern early in the 24-hour window, with support forming around 0.0725 and a critical resistance level at 0.0740. A key bullish engulfing pattern emerged at 0.0734–0.0741 around 15:30–16:00 ET, suggesting a short-term reversal. A doji formed near 0.0744 around 15:45–16:00 ET, indicating indecision after the breakout. These patterns may signal a potential continuation of the upward move, assuming the 0.0746 level holds.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were in close alignment, with the 20 MA crossing above the 50 MA twice in the last 6 hours. This "death cross" and "golden cross" behavior indicates choppy momentum and no clear trend. On the daily chart, the 200-period MA remained flat around 0.0725, and the 50-period MA is slowly rising, hinting at a possible re-test of the 0.0750 level.

MACD & RSI

The MACD remained near the zero line for most of the period, with a slight positive divergence in the last 3 hours. RSI has remained in neutral territory (45–55), suggesting the market is neither overbought nor oversold. A potential overbought signal could emerge if the price closes above 0.0748 with a corresponding RSI above 65, but that is unlikely without significant volume confirmation.

Bollinger Bands

Volatility increased notably in the final 4 hours, with Bollinger Bands widening and the price rising to the upper band. This suggests a breakout is underway or has already occurred. Price is currently hovering near the upper band at 0.0746–0.0748, indicating a potential continuation if buyers continue to step in.

Volume & Turnover

Volume was moderate for most of the period but spiked in the final 4 hours, particularly after 14:00 ET, coinciding with a price breakout above 0.0740. Notional turnover increased in line with volume, supporting the breakout's validity. A divergence between price and volume may appear if the move above 0.0746 is not sustained — a key watchpoint for bearish confirmation.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 0.0725–0.0740 swing, 0.0732 and 0.0738 levels acted as key support and resistance, respectively. The 61.8% retracement level sits at 0.0738, which was tested and held during the 19:00–19:30 ET timeframe. A break above the 0.0744–0.0746 range could target 0.0750, the 78.6% retracement level, on the 0.0725–0.0750 move.

Backtest Hypothesis

Given the appearance of a bullish engulfing pattern at 0.0734–0.0741 and the price’s subsequent move above key resistance, a potential backtest could be initiated using a strategy that identifies and acts on such patterns. The backtest would detect every Bullish Engulfing pattern from 2022-01-01 to today on the LRCUSDT pair. Entry would be made on the close of the signal day, and the position would be held for up to 5 trading days. This approach would test whether the pattern reliably generates positive returns, with the aim of measuring its profitability, maximum drawdown, and other key performance metrics.