Lucky Block Price Prediction- February 22
The Lucky Block price now targets the $0.002000 upper resistance value as the coin is set to go higher. However, the price could go higher if all the current support holds and the bulls can put in aggressive efforts; the price may possibly retest the $0.0002071 previous high which may eventually increase the coin price to the $0.002000 upper supply mark.
Levels:
Resistance levels: $0.0002300, $0.0002400, $0.0002500
Support levels: $0.0001700, $0.0001600, $0.0001400
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
Lucky Block price is in a bearish market at the moment in the higher time frame, this is because the sell traders are now involved in the order flow. Further, the price action can be seen in green below the two moving averages.
The price drop to the $0.0001457 low value during the previous action has made the coin price remain below the supply trend level.
However, It seems that the bulls are about to take over and push us higher as the 4-hourly session opens today at the $0.0001541 resistance level but below the moving averages.
There are multiple possible targets at this point, but either way, it seems that the price of LBLOCKUSD will bounce up again soon.
This bullish correction, however, indicates a gradual improvement in market sentiment and leads to more intraday gains in assets to higher prices.
In addition, more upsides are still coming as shown by the stochastic oscillator pointing upwards to indicate an uptrend. With the look of things, the next price target might be the $0.002000 upper resistance value in no long time in its medium-term perspective.
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 short traders. The sustained bearish pressure to the $0.0001455 support level in the previous action has made it capable for the Lucky Block price to remain below the supply trend level.
The bulls made a corrective rally up to a $0.0001544 high level slightly below the moving averages shortly after the 1-hourly session opened today. An indication of the gradual returns of the buy traders in the market. This will enable buyers to influence the price tendency.
Further, the LBLOCKUSD 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 $0.02000 upper resistance level in the coming days in its medium-term outlook.
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