Lucky Block Price Prediction – November 7
The market value of LBLOCKUSD is presently going up. The coin price is eyeing the $0.0000450 crucial level as the bulls continue the bullish run to the north. The price will still go further if the current support at $0.0000188 holds. Thus, if buyers increase their purchase actions, the crypto’s price may continue its upside moves to retest the $0.0000450 previous high level and further target the $0.0001200 supply amidst the market surge.
Key Levels:
Resistance levels: $0.0000208, $0.0000209, $0.0000210
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Following the recent upsurge in the crypto market, LBLOCKUSD is eyeing the crucial high level as it begins its upside journey in its long-term outlook. The price responded to the shift in the market structure and is currently trading below the moving averages, suggesting a bearish trend.
The cryptocurrency price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days.
The coin is recovering from the recent correction as fresh buying emerges near the supply level, eyeing the previous high level, following the upward race.
At the writing time, the Lucky Block price is eyeing the $0.0000450 high, as it rallied to the $0.0000209 resistance value below the moving averages as the daily chart opens today.
Thus, a possible breakout from the $0.0000209 neckline will accelerate the buying momentum and push the prices higher to hit the 0.000450 previous resistance levels, bolstering more buying pressure on the crypto to the upper resistance levels, as it eyes the $0.0000450 high level.
Further, the market is pointing up below the 20% range of the daily stochastic, suggesting the crypto market is oversold. The emergence of bullish pressure is crucial at this moment.
Hence, the bulls are expected to turn around the price of LBLOCKSD, and the target might be the $0.0001200 supply value amidst a market surge in the days ahead, eyeing the crucial level in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD pair eyeing the crucial high level is imminent as the price continues in its bullish direction in the medium-term outlook. The price currently trades slightly above the EMA-50, indicating that the coin is in an uptrend.
The pair reached the $0.0000197 resistance level during the previous action and has sustained the coin price above the supply trend lines in its recent high.
The current price of Lucky Block eyeing the crucial high-level trades at the $0.0000209 supply level above the EMA-50, shortly after the 4-hourly session resumes today, indicating a bullish momentum in the context of the strength of the market.
Thus, a possible breakout from the $0.0000209 neckline will accelerate the buying momentum and push the prices higher to hit the 0.0000330 previous resistance levels.
Meanwhile, the LBLOCKUSD pair eyeing the $0.0000450 high level amidst the market surge may surpass the target trend levels by the bulls as it continues its uptrend movement to the upper resistance as indicated by the daily stochastic pointing upwards.
Hence, the mentioned target might be reached in the coming days, eyeing the $0.0000450 high level to reach the $0.0001200 upper resistance level in its medium-term perspective.
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