Lucky Block Price Prediction: LBLOCKUSD Price Very Close to a Major Breakout

Lucky Block Price Prediction- February 16
The LBLOCKUSD price is very close to a major breakout at the $0.0001614 supply level. In case the bulls’ pressure breaks up the mentioned resistance level, the coin price may increase further to a $0.01000 high trend line which indeed will be a turnaround for the coin holders.

Key Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0001600, $0.0001500, $0.0001400

LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The price of Lucky Block is currently trading in a bearish zone in its long-term view. The pressure from sellers in the previous action actually adds to the bearish impact on the market.

However, the bulls override this and move the coin price up to the $0.0001617 resistance level slightly below the two EMAs as the 4-hourly chart opens today.

Thus, the current price level which is close to the major resistance level is a result of a high commitment from the bulls. Should the bulls increase their momentum, the price of LBLOCKUSD might break out from its current supply to hit the previous high of $0.0002071 high value.

The pair however shows the continuation of bullish sentiment as indicated by the daily stochastic which is pointing up in the oversold region of the market. But the downside risk remained uncertain. Thus, the next bulls’ target might be the $0.01000 high level in the days ahead in its long-term outlook.

LBLOCKUSD Medium-term Trend: Bearish (1H chart)
The LBLOCKUSD market is in a bearish race in the medium-term outlook. This is due to the inflow from the sell traders. The trend has just resumed its rising pattern but has not yet reached its goal.

After the interaction from the sell traders, buyers successfully pull back at the $0.0001615 high level below the two EMAs but close to the major breakout; this is an indication of the beginning of a new bullish cycle race.

However, there is a possibility of a further increase in the price of Lucky Block, if the buy traders should increase their price actions and all the current support level holds, a psychologically key level of $0.01000 at the upside might be reached soon in its medium-term time frame.

You can purchase Lucky Block here. Buy LBLOCK