Lucky Block Price Prediction – July 20
The Lucky Block (LBLOCKUSD) price is rising again. The pair at the moment is trying hard not to fall by resisting sellers, in case the bulls’ pressure breaks up the resistance level of $0.0004450, the coin price may increase to a $0.00200 high level and beyond.
Key Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD market is having a bullish posture in its long-term outlook as can be seen from the chart above. This is due to the inflow from the buy traders.
The sustained pressure from the bulls at the $0.0000975 supply level during yesterday’s session has contributed to its bullishness in its recent price level.
Today, the bulls made a corrective move to a $0.0001039 supply level above the EMA-9 while approaching the upper resistance level.
This indicates that the buy investors are actually dealing in the coin investment. Therefore, if the bulls could increase their tension in the market, the price tendency will move above the key levels.
The longer the price stays above the mentioned supply level, the more pressure builds up to reach a key significant level at the upside.
Thus, should the bulls change their orientation and the buying pressure persists, the coin will possibly give a bullish breakout from the current price at the $0.0001039 to retest the $0.0004450 supply level, this may eventually lead the Lucky Block price to the $0.02000 high mark in the coming days in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD rebounded after its downside moves. The coin is now finding its way to the overhead resistance level in its medium time frame. The market shows that the price may now be trading in a new ascending channel as the price bar can be seen above the two EMAs.
The bulls have sustained the crypto market at the $0.0000903 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger.
The buy traders successfully pushed the coin market to a high at the $0.0001039 resistance mark above the supply trend lines; this means that the bulls are dictating the market conditions at present. Thus, a potential turnaround for the crypto holders.
Hence, if the bullish momentum persists, a breakout above this combined resistance with the candle closing above the $0.0001500 previous point will signal a strong buy signal for interested traders.
Additionally, the coin market will rise further as shown by the price indicator which is pointing upwards, if the buy traders should increase their price actions, and bullish momentum is sustained above the $0.0001500 high mark, the Lucky Block price may likely pump up to a significant level at a $0.02000 resistance mark and beyond in its medium-term time frame. This signals a BUY trade again in its medium-term perspective.
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