Loom Network price prediction

Our price prediction is based on hi-resolution deal analysis from cryptocurrency exchanges. We are collecting and gather statistics to obtain price support levels that show most important zones witch traders want to buy or sell stocks. These buy/sell histograms showed in report combined with current trend analysis can be used to build high probability forecasting of future price trends. It also can be useful to set a price on calculated levels to be sure maximum profit was received.

Disclaimer
Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. All trading strategies are used at your own risk. This page performs statistical analysis of past data and can be used for assumptions about the future only taking into account the statistical probability

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Loom Network price levels prediction for next 24 hours

Next 24 hours brief prediction

Price of LOOM has broken last trend and will RAISE from the support level $0.05565

Historic price levels for next 24 hours

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$0.055564213544130325 Weight: 10.622 19 May 2021
$0.048399992287158966 Weight: 5.191 29 May 2022

Volume profile price channel in 24 hours range

Edge levels of the price channel based on volume profile report.
Price Description
0.05565 Minimal price support level based on 24 hours movements

Loom Network price levels prediction for next 7 days

Next 7 days brief prediction

Price of LOOM has broken last trend and will RAISE from the support level $0.055150002

Historic price levels for next 7 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$0.055564213544130325 Weight: 10.622 19 May 2021
$0.048399992287158966 Weight: 5.191 29 May 2022
$0.04707668721675873 Weight: 5.99 09 May 2019

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.055150002 Minimal price support level based on 7 days movements

Loom Network price levels prediction for next 30 days

Next 30 days brief prediction

Price of LOOM has broken last trend and will RAISE from the support level $0.05332

Historic price levels for next 30 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$0.17520368099212646 Weight: 18.296 11 Jul 2018
$0.1725005805492401 Weight: 19.367 17 Sep 2021
$0.16466857492923737 Weight: 15.218 10 Oct 2018
$0.11489295214414597 Weight: 25.724 29 Jun 2018
$0.0798216313123703 Weight: 21.004 23 Feb 2021
$0.07875506579875946 Weight: 25.951 09 Apr 2018
$0.06038569286465645 Weight: 96.531 14 Aug 2018
$0.04209425300359726 Weight: 19.752 12 May 2022
$0.03890858218073845 Weight: 16.899 25 Nov 2018
$0.03227129951119423 Weight: 27.896 22 Jun 2021

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.05332 Minimal price support level based on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.9247843 details, prediction
0.9240441 details, prediction
0.9222817 details, prediction
0.91372854 details, prediction
0.9084238 details, prediction
Second tier
0.9601533 details, prediction
0.95581615 details, prediction
0.9523353 details, prediction
0.95192784 details, prediction
0.9415499 details, prediction
Third tier
0.97417027 details, prediction
0.9436333 details, prediction
0.9400026 details, prediction
0.93895924 details, prediction
0.93730634 details, prediction


This report should be leaned to get most info about heading trends. It means that Loom Network price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.

It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies - Bitcoin, Ethereum and Ripple, so the prediction of their prices will affect the price of Loom Network
Low correlated currencies
Coin Correlation Links
First tier
-0.18846484 details, prediction
0.46377486 details, prediction
0.46453848 details, prediction
0.61403424 details, prediction
0.66401225 details, prediction
Second tier
0.007774528 details, prediction
0.069645725 details, prediction
0.31040508 details, prediction
0.3288951 details, prediction
0.33111057 details, prediction
Third tier
-0.8505773 details, prediction
-0.83545333 details, prediction
-0.5491252 details, prediction
-0.5462932 details, prediction
-0.44680938 details, prediction


This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)