Answer: the loop will move up
Step-by-step explanation:
Whenever an electric current cuts across magnetic field lines, a force is exerted on the current - carrying conductor
According to Fleming's left hand rule, the thumb is the direction of motion.
First finger is the direction of magnetic field, while the second finger is the direction of the conventional current.
When a current flow in the will, the wire will experience an upward force. And continue to rotate in an up - down direction. Therefore, the loop will move up.