Lucky Block Price Prediction- February 10
It is about time for the LBLOCKUSD price to face the buying pressure and the price might head to the $0.01000 upper resistance level. The coin gave a bullish breakout from the $0.0001792 level, suggesting buyers are making a recovery attempt. Thus, if the crypto’s price sustains above the $0.0002269 high level, the potential rally could surge higher to hit the $0.01000 value and beyond.
Levels:
Resistance levels: $0.0002400, $0.0002500, $0.0002600
Support levels: $0.0001600, $0.0001500, $0.0001400
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
LBLOCKUSD rebounded after its massive drops. The coin is now in the bullish market trend. The market shows that the price may now be trading in a new ascending channel.
The sustained bullish pressure pushed the currency pair up to the $0.0001781 supply level during yesterday’s session and sustained it. This has made it capable for the coin to remain firm in an uptrend.
The coin price has moved up to a $0.0001792 high level above the EMA-50 as a pullback from buyers as the 4-hourly chart resumes today. This is a result of more concerns from the buy investors.
Therefore should the bulls increase their swagger in the market, the price is poised to pump up above the key resistance levels around $0.0002269.
Also, the momentum indicator which is pointing up indicates that the price of Lucky Block is in an uptrend and may possibly remain in that direction to hit the $0.01000 upper resistance trend level and beyond in the later days in the higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
The market price of LBLOCKUSD is currently trading in the bullish market zone. This is due to the gradual returns from the buy traders.
After completing the low dips, the bulls made a corrective rally up to a $0.0001792 supply trend line above the EMA-9 shortly after the 1-hourly session opens today. This will enable buyers to influence the price tendency.
Further, the Lucky Block price is pointing up indicating an uptrend as shown by the price indicator; it means that the buying pressure will continue. As a result of that, the bullish race might possibly reach the $0.01000 upper resistance level in the coming days in its medium-term outlook.
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