Lucky Block Price Prediction- February 11
The LBLOCKUSD price might possibly rise from the support to hit the $0.02000 resistance value if the bulls add more energy to the price action and exchange hands with the sell traders at the $0.0001631 support value. If this is achieved, the bullish rally may possibly extend the coin price to hit the $0.02000 upper resistance mark and beyond.
Key Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0002100, $0.0002000, $0.0001999
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The LBLOCKUSD pair is trading in the bearish trend market in its long-term outlook. The price bar can be seen below the moving average lines and has confirmed its bearishness. The interference of short-term traders to the $0.0001678 low level in the previous action contributed to its bearish momentum.
The reactions from the bears dropped the coin price down to the $0.0001631 support value below the two EMAs as the 4-hourly chart resumes today.
Though, traders who buy in the bearish market will also make more future gains. Buyers must redouble their efforts to forecast a bullish increase in the market above the $0.0002195 high level.
Additionally, the price of Lucky Block might possibly face rejection soon as the market now approaches the oversold region. This means that the selling pressure will soon be hibernated, and as a result, the bulls might push the coin price up to the $0.02000 high level in the days to come in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
The market price of LBLOCKUSD is currently trading in the bearish market zone. This is due to the interaction from the sell traders. The bulls were able to reach the high of $0.0001875 level during yesterday’s session while the pressure from the bears now dropped the price down to a low of $0.0001740 value.
The coin price at the $0.0001631 support value below the moving averages shortly after the 1-hourly chart opens today is a result of low bullish momentum. This creates an opportunity for the buy traders to buy the coin at a cheaper rate as the market turns bullish soon.
Therefore, buyers need to add more strength to their activities in the market to rally up to a significant level in the overhead supply zone. If this is achieved, the $0.02000 resistance level might be the target in the days ahead in its medium-term outlook.
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