Two quick cases train the eye to find the direction of the induced current using Lenz’s law alone, without calculations.
1. Fixed loop, magnet approaching with N pole downward
through the loop increases downward. To oppose it, the induced current must generate a field pointing upward inside the loop: seen from above, the current flows anticlockwise. Result: the loop “sees” the magnet as another magnet with N pole pointing upward, and the two repel each other.
2. Magnet moving away
Same geometry, but now the downward decreases. The induced current reverses direction (clockwise seen from above); the field it generates inside the loop has the same direction as the vanishing flux: it tries to retain it. The loop now attracts the magnet.
The moral is simple and always holds: whether the magnet approaches or moves away, Lenz hinders it. The loop reacts with a force that makes the relative motion harder, never easier.
Links
Topics: Electromagnetic induction Concepts: Lenz’s law Skills: Right-hand rule
Related exercises: Worked exercise — loop entering and leaving a field · Problem — The magnet in the copper tube · Problem — Loop entering a field (qualitative)