Lucky Block Price Prediction- November 12
Today, the Lucky Block market witnesses a renewed recovery and maintains its bullish trend as the US election buzz and Donald Trump’s victory. The crypto is on the positive side and remains firm above the $0.0000230 supply mark. If the coin price could sustain above the pattern supply trend line at the $0.0000398, the coin price may trigger up to the overhead resistance mark at the $0.0001200 level, indicating a sustained uptrend.
Levels:
Resistance levels: $0.0000235, $0.0000236, $0.0000237
Support levels: $0.0000180, $0.0000170, $0.0000160
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD’s price maintains its bullish trend and remains firm above the supply levels with bullish sentiment in the higher time frames. This is clear as prices are trading above the moving average lines, indicating an uptrend.
The sustained bullish pressure at the $0.0000223 high value in the previous action has made it easier for the crypto to maintain its bullish trend and remain firm above the supply trend lines in its recent high.
By press time today, the Lucky Block maintains its bullish trend with an intraday high of $0.0000300 above the EMA-50, resulting in intraday gains. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction.
The price signal is pointing upwards, indicating that the LBLOCKUSD price may continue its bullish trend. In this case, the price of Lucky Block could jump further to hit the $0.0000398 supply mark and extend to reach the $0.0001200 upper resistance level in the days ahead as the crypto price maintains its bullish trend in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Despite the interference of short-term traders in the price flow, the LBLOCKUSD price maintains its bullish trend in the medium-term outlook. The crypto price is progressing above the moving averages, suggesting buyers are gaining more strength in the market.
The bulls have the market at their disposal at the moment. However, a high retest to the breached $0.0000230 supply value suggests strength in bullish momentum.
The Lucky Block pair maintains its bullish trend at the $0.0000238 high level above the EMA-50 shortly after the 4-hourly chart opens today. This is fueled by Bitcoin’s all-time recovery point, which has boosted the entire crypto market. However, this will allow the coin to rise further.
Thus, if a renewed surge in buyers’ interest occurs, LBLOCKUSD’s price may surpass the $0.0000330 peak value, indicating a sustained upward trend as it maintains its bullish trend.
Hence, trading above the moving averages will enable Lucky Block’s market value to keep pushing up. With the daily stochastic indicating an upward trend, if the bulls should add more aggression to their activities in the market, the $0.0001200 resistance level might be reached soon as it maintains its bullish trend in its medium-term time frame.
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