Market Overview for Loopring/Tether (LRCUSDT): January 2, 2026

Summary
• Price action shows a bullish trend with key resistance forming around 0.0518-0.0520.
• Volume spiked during the 16:30–17:00 ET window, confirming recent upward momentum.
• RSI indicates moderate momentum, with no immediate overbought signals but tightening volatility observed.

The Loopring/Tether (LRCUSDT) pair opened at 0.0503 on January 1, 2026, reached a high of 0.0524, touched a low of 0.0502, and closed at 0.0523 by 12:00 ET on January 2. Total volume traded was 7,629,240.0, while notional turnover stood at $388,597.61.

Structure & Key Levels

Price showed a clear upward bias during the 24-hour period, forming a bullish flag pattern as it consolidated above 0.0515 before breaking out near 0.0520. A 5-minute ascending triangle was visible from 04:00–07:00 ET, suggesting continuation. Key resistance appears at 0.0518–0.0520, with immediate support at 0.0513–0.0515.

Momentum and Indicators

The 5-minute MACD showed a positive crossover near 16:00 ET, confirming the break above 0.0518. RSI remained in the 55–65 range for most of the day, suggesting strong but not extreme momentum. A minor overbought condition developed briefly near 0.0524 before a retracement, indicating potential resistance.

Volatility and Volume

Volatility expanded as price pushed above 0.0518–0.0520, with Bollinger Bands widening from 16:00–17:00 ET. The highest 5-minute volume spike occurred at 16:30 ET, with 718,920.0 LRC traded. Notional turnover increased in tandem, suggesting strong conviction in the move. No notable divergence between price and turnover was observed.

Implications and Forward Outlook

If the 0.0520–0.0524 range holds, the next target could be the 0.0526–0.0530 level, based on Fibonacci extensions. A pullback to test the 0.0515–0.0518 range would not be surprising but is unlikely to derail the bullish bias unless volume weakens significantly. Investors should remain cautious of potential profit-taking or consolidation near key resistance levels in the next 24 hours.