Lucky Block Price Prediction – August 16
The LBLOCKUSD pair has just begun its bullish waves and the price might head to the above-mentioned value as the coin rises steadily towards the overhead resistance levels. If the buying crews add more energy to the price action in the market, the bullish rally may extend the coin price to hit the $0.02000 resistance mark.
Key Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The market value of LBLOCKUSD is in a bearish trend zone in its long-term outlook. The crypto price can be seen below the two EMAs, confirming its bearishness. However, there is about to be a turnaround to the market trend as the coin has just resumed its bullish pattern.
The price drop to a $0.0000898 low value in the past few days has made the coin price trade below the supply levels in its recent price. This will soon be invalidated as the trend has just resumed its rising pattern but has not yet reached its goal.
Today, buyers are successful as well. They pushed the crypto price up to the $0.0000969 resistance value below the moving average lines as a pullback, which may assist buyers to recuperate exhausted bullish momentum.
Hence, the coin is expected to revisit the previous high at a $0.0003429 high mark if additional efforts are put in place by the coin buyers. Therefore, buyers need to add more strength to their activities in the market to rally up to a significant level in the overhead supply zone.
Notably, the Lucky Block price is also pointing upwards on the daily stochastic, this suggests that the coin price may likely continue in an upward direction and might head toward the $0.020000 supply trend line in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Upward pressure still dominates the LBLOCKUSD pair in the medium-term time frame. The price action can be seen above the two EMAs. Buyers are confident about gaining higher levels and this confirms their high impact in the market at the present.
Buyers made an increase to a $0.0000957 high mark during the previous action and sustained it; this enabled the crypto to remain strong above the trend line in its recent high.
On the 4-hourly chart today, there is a broader recovery in the prices. The cryptocurrency jumped to the $0.0000965 supply level above the moving averages as the bulls took their stand in the market.
This bullish correction however, indicates a gradual improvement in market sentiment, hence, a potential breakout from the current trend line could intensify the bullish momentum and may surge the Lucky Block price higher towards the $0.0001211 previous high mark, resulting in higher profits for the coin buyers.
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 bullish rally might head towards the $0.020000 high value in no long time on the medium-term outlook.
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