Lucky Block Price Prediction – October 30
The LBLOCKUSD appears ready to break up at the $0.0000398 barrier level as investors keep watching amid renewed market optimism. Additional losses for the coin would result in a clear breach below $0.0000155. However, a daily candlestick above the specified supply level would disprove any bearish hypothesis. Therefore, an upward trend will be realized if purchasers exert greater effort to control their market tension.
Levels:
Resistance levels: $0.0000215, $0.0000216, $0.0000217
Support levels: $0.0000198, $0.0000197, $0.0000196
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD’s price is in a bearish trend market, ready to break up at the previous barrier level in its long-term outlook. The coin price has just resumed its bullish action below the supply levels, indicating a bearish trend.
The sustained bearish pressure to a $0.0000208 low value in the last session has made the cryptocurrency price remain below the supply trend levels and ready to break up at its recent price level. However, the coin price will break up a crucial level as the bulls begin a new correction.
Today, the Lucky Block market is ranging at a $0.0000209 high level slightly below the EMA-50 by the bulls shortly after the daily chart opens. Thus, if the coin traders renewed their interest in the crypto, the price may rise to break up at the $0.0000398 resistance point, offering a good entry point for coin buyers.
In a like manner, LBLOCKUSD is likely going to break up and face the upsides as the market is trading below the 10% range of the daily stochastic; indicating that the emergence of bulls is crucial.
If this is achieved, the upcoming upward trajectory could break up the $0.0000398 and extend to reach the $0.000800 upper resistance point in the coming days as the coin price gets ready to break up its previous high in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The LBLOCKUSD pair on the medium-term outlook shows that the coin price may break up its previous supply level soon. The price bar is below the EMA-50, suggesting a bearish trend due to the high impact of short-term traders in the price flow.
The sustained action by the sell traders to a $0.0000211 support level in the past trading session has made the price of Lucky Block drop below the supply trend lines in its recent price.
The market price of LBLOCKUSD is in a sideway move at the $0.0000209 supply level below the moving averages as the 4-hourly session opens today, indicating the coin price may break up the resistance trend line as the bulls remain dominant within the range.
Thus, there is a higher probability of the price breaking up its resistance level of $0.0000330 and going up much further if the coin investors add more strength to their buying pressure.
Next, the Lucky Block market has fallen below the level of 5% of the daily stochastic, indicating that the pair is now in the oversold region. We will now be looking into the emergence of buyers in the oversold region of the market, and this may break up at $0.0000330 and expose to the $0.000800 high level in the days ahead as the bulls determine to break up at the crucial level and beyond in its medium-term outlook.
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