Lucky Block Price Prediction – March 25
LBLOCKUSD is currently gathering momentum to the upside after completing the dip-lows. The coin price may resume an uptrend to break up the $0.0000940 supply level soon. If this is attained by the bulls, it could pave the way for the crypto to aim for a higher resistance at the $0.0001200 level and beyond.
Levels:
Resistance levels: $0.0000600, $0.0000700, $0.0000800
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Due to the interaction from the sell traders, the market price of LBLOCKUSD is in a bearish trend in its long-term outlook. The coin prices can be seen trading below the two moving averages which confirms its bearishness.
Meanwhile, it seems that the bulls are about to take over and this may break up at the $0.0000940 level soon as we can see a bullish correction in place at the present.
The bears’ move to the $0.0000370 support value in the previous session has dropped the coin price below the supply trend lines in its recent price level.
The bulls however made a pullback to a $0.0000392 supply level below the moving average earlier today. This suggests that buyers are coming in a grand style to dominate the market and sellers are getting weaker.
With this current trend, buyers can pick up the price at a cheaper rate and move the market further up. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels to break up the $0.0000940 level.
In addition to that, we have a bullish bias that the market value of LBLOCKUSD will rise further to the upsides as we can also see the momentum indicator pointing up at around level 18%, this means that the coin price may likely continue in an uptrend.
Currently, the cryptocurrency is correcting, there may be a break up at the previous high level of $0.0000940 in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The Lucky Block price is likely to break up at the $0.0000940 level sooner due to the bulls’ gradual arrival into the market. The coin price can be seen slightly below the EMA-50, this means that it’s in a bearish trend.
The bears’ pressure on the crypto to a $0.0000381 low level during yesterday’s session has enhanced the coin prices to remain below the supply trend level in its recent price level.
The bulls made an increase to a $0.0000392 supply value as a pullback below the EMA-50 as the 4-hourly chart opens today. This affirms the gradual return of the bulls into the market.
Meanwhile, the current price at the $0.0000392 supply value shows a power struggle at the overhead resistance trend line, resisting the start of another bear cycle.
Thus, there is a possibility of breaking up the $0.0000738 level to put the LBLOCKUSD price more on the buy side.
Furthermore, the daily stochastic indicates an uptrend by pointing in an upward direction. This suggests that the price of Lucky Block may likely continue its rising pattern which may break up the $0.0000940 level soon in its medium-term perspective.
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