Lucky Block Price Prediction – August 17
LBLOCKUSD will rise soon as the coin buyers build up the next jump. The token is very likely to turn positive soon. However, the crypto might increase in volume as the bullish correction is in place. From the $0.0000164 level, the coin showed a bullish breakout, indicating that buyers are attempting a comeback. Therefore, the possible rally may reach $0.0001200 and higher if the cryptocurrency’s price can hold above the $0.0000885 high mark, replenishing the recovery sentiment.
Levels:
Resistance levels: $0.0000450, $0.0000500, $0.0000550
Support levels: $0.0000160, $0.0000150, $0.0000140
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD long-term chart indicates that the price will rise soon and seems to have pullback a little but the overall trend is still bearish, as prices are traded below the supply levels, confirming its bearishness.
The sustained bearish pressure at the $0.0000154 support value, during yesterday’s session has made the cryptocurrency price remain below the supply trend levels in its recent low. However, the token price will rise soon as a new correction is going on to change the current trend.
A rise to a $0.0000164 high level below the EMA-50 by the bulls as a pullback shortly after the daily chart opens today affirms the returns of the long traders into the Lucky Block market, and the price will rise soon.
Consequently, if the bulls can step up their efforts and overcome the existing supply level, the price of Lucky Block is expected to rise much higher. Hence, a strong push above the $0.0000885 supply level will offer strong resistance to the crypto price.
Meanwhile, further downsides are unlikely as the market price of LBLOCKUSD suggests an uptrend on the daily signal. Therefore, we can be rest assured that the potential will rise soon, and a potential buy is coming near.
In light of this, the price jump could hit the 0.0001200 resistance level in the coming days, indicating a high supply zone for a potential BUY in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The medium-term chart indicates that the Lucky Block price will rise soon due to an increase in volume by the bulls. The sell traders made a downward move to the $0.0000154 support level before the close of yesterday’s session, giving sellers more strength to drop the price of Lucky Block below the supply trend lines in its recent high.
The market price of LBLOCKUSD that increases to a $0.0000164 high level below the moving averages as the 4-hourly session opens today suggests the return of the bulls to the market and indicates that the crypto price will rise soon, signaling an improved bullish market sentiment.
Thus, closing the 4-hourly session above the $0.0000223 supply level will accelerate the buying pressure for more potential gains.
The pair is pointing upwards at around the 27% range of the daily stochastic, indicating that the Lucky Block price will rise soon. Hence, the emergence of more buyers at this level is crucial, and this could push the coin price to hit the $0.0001200 supply level in the days ahead in its medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply