Lucky Block Price Prediction – September 29
Having finished the downward correction the LBLOCKUSD market might likely grow more and remain in a positive trend zone to increase buyers’ gain. If the current support at $0.0000245 holds, and the price on the daily chart closes above the $0.00002300 supply level, then there is a high probability of the price going up to its recent swing high, which is the $0.00002890 resistance level.
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 Lucky Block pair is in a bearish market zone in its higher time frame as can be seen from the above chart. The price is currently recovering and trades below the two EMAs. However, this is likely running to an end at the moment as the bulls are taking their place right away to grow more by resuming an uptrend.
The sellers’ price drop to a $0.0000245 low value during yesterday’s session has slowed down the crypto price in its recent price level.
As a result of price rejection at this level, buyers pushed the price of LBLOCKUSD higher to a $0.0000350 high level below the EMAs as the daily session opens today. Thus, if the bulls can put extra effort into the price action and break above the $0.00002890 supply mark, further selling pressure will be put into hibernation.
Additionally, the momentum indicator pointing upwards in the oversold region suggests that the price of Lucky Block may likely grow more. As a result, the price might possibly reach the $0.001000 upper high value in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
LBLOCKUSD is in a bearish trend market in its medium-term view. The coin prices can be seen traded below the EMAs which confirm its bearishness. Meanwhile, it seems that the bulls are about to grow more and push us higher as we can see a bullish correction in place at the present.
The coin having dropped down to a low at the $0.0000273 level in the previous action has been rejected by the bulls at the moment.
The bullish pressure moves the crypto’s price up to the $0.0000312 resistance level below the two EMAs as the 4-hourly chart opens today. This suggests that buyers are coming in a grand style to dominate the market and sellers are getting weaker.
Notably, the price of Lucky Block is in an upward direction, thus, a potential upswing and a better confirmation of a bullish recovery would be achieved if buyers break above the September 1st high of $0.00001297.
The post-breakout rally would lead the price to grow more and may likely hit the $0.001000 upper high mark in the days ahead in its medium-term outlook.
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