Lucky Block Price Prediction- March 7
LBLOCKUSD‘s price may likely break up the $0.0002024 supply mark as the coin now shows its impending new move. In case the bulls should defend the selling pressure, an increase in the bulls’ momentum may break up the resistance level at $0.0002024 and this may increase the coin price to the $0.01000 upper high trend line.
Levels:
Resistance levels: $0.0002200, $0.0002300, $0.0002400
Support levels: $0.0001600, $0.0001500, $0.0001400
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
From the chart above we can be assured that LBLOCKUSD is in a bullish move in its long-term view. The sustained bullish pressure pushed the pair up to the $0.0001594 resistance level during yesterday’s session and sustained it.
The buy investors showed more concern about the crypto market and pushed the price of
Lucky Block to the $0.0001504 high value above the EMA-9 shortly after the commencement of the 4-hourly session today. The current correction value may likely prolong the bullish rally to break up its previous high at the $0.0002024 value if the bulls could add more strength to their buying power.
Further, the Lucky Block price now points up on the daily stochastic, this suggests that the buying pressure has just begun. Thus, this forthcoming development may drive the crypto price to test the previous high at the $0.0002024 level and extend to the $0.01000 upper resistance trend line in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
The gradual return of the long investors has also made the LBLOCKUSD market remain in a bullish trend in its medium-term view.
Activities from the bulls at the $0.0001592 resistance value during yesterday’s session made the coin market sustain the current bullish trend.
Earlier today, the impulse move from the buy traders pushed the price of Lucky Block up to the $0.0001504 supply value above the EMA-9.
The current correction value at the $0.0001504 supply point suggests an attempt by the bulls to resume the recovery race. In case the buy traders respond to the shift in trend the previous high at $0.0002024 would be tested soon.
However, further upside is likely as the price indicator now points up. This means that the coin price will continue in an uptrend and this may likely hit the $0.01000 supply mark and beyond in its medium-term time frame.
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