Lucky Block Price Prediction – August 1
The LBLOCKUSD price is recovering steadily and might possibly hit the $0.0003249 high level soon. Amid the recent upsurge in the crypto market, the coin gave a bullish breakout from the daily resistance of $0.0001023. The breakout rally made a high of $0.0001071 level with a green wick candle. Should the bulls should intensify their efforts and break up the $0.0002890 resistance level, the coin may likely increase to hit the $0.0003429 supply level and beyond.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
From the chart above we can see the Lucky Block price slightly below the moving averages; this means that the coin is in a bearish market zone.
The sustained bearish pressure to the $0.0000989 support level in the past few have made the coin price remain below the supply levels in its recent high.
Today, the bulls made a corrective move to the$0.0001023 which later increase to a $0.0001071 high level below the moving averages which indicates the bulls’ gradual return to the market.
However, the currency pair could grow further if the buy traders managed to break up above the $0.0002890 level, maintaining further growth potential for the buy traders.
However, with the price of LBLOCKUSD showing an uptrend on the daily stochastic means that more upsides are likely, in light of this, the cost of Lucky Block might possibly climb up to hit the $0.0003429 soon in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The Lucky Block market trades in a bullish trend market in the medium-term outlook. This is due to the high impact of long-term traders on the price flow. It seems that the bulls are about to take over and push us higher.
The sustained bullish pressure was able to push the price upside to a $0.0001038 high level before the end of yesterday’s session; this has made it capable for the coin to maintain an uptrend in its recent high.
Now, LBLOCKUSD’s price at the $0.0001071 resistance value, slightly above the two EMA-s is an indication of the high bullish impact on the crypto at the moment. Therefore, a break above the $0.0002890 supply mark will put further selling pressure into hibernation.
Notably, a further rise in the crypto market price is possible, if the buy traders can trigger their buying pressure and break up the $0.0002890 level. The price of Lucky Block might possibly reach a $0.0003249 supply level soon in its medium-term time frame.
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