Lucky Block Price Prediction- November 27
The market price of LBLOCKUSD may surge to retest its prior resistance level as the cryptocurrency market rallies. Based on the outlook, if the resistance level rises above the $0.0000298 value, continuation to the upside is ensured, driving the coin price to retest the $0.0000398 peak barrier and extend further to meet the $0.0001200 upper resistance level, fueling optimism for further growth.
Key Levels:
Resistance levels: $0.0000170, $0.0000171, $0.0000172
Support levels: $0.0000155, $0.0000154, $0.0000153
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Lucky Block is possibly making its way up to retest its peak level after hitting the $0.0000155 supply level to overcome selling pressure to signal a pump-up. It looks like the price will want to bounce up again in the long term.
The LBLOCKUSD pair has completed its correction and is about to kick off upward momentum. The bulls have decided to shift the trend up after a series of lows as the daily chart opens.
The pullback at the $0.0000170 resistance level below the EMA-50 suggests the returns of the buy traders. Market participants are buying at this level, and its breakout should offer a good entry opportunity. Thus, a high buying momentum could lead the Lucky Block price to retest the $0.0000398 previous barrier and set the growth potential.
Next, there are more bullish runs ahead as the market now points upward at the daily stochastic, suggesting that the price of Lucky Block will rise further above the current supply level soon and may likely hit the $0.0001200 value in the long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The price of LBLOCKUSD is trending below the moving average to retest the prior supply level as the coin buyers resume the bullish trend in its medium-term outlook. The prices are slightly below the moving average due to brief returns of sellers, this may fade off soon.
The crypto has been interfering with the sell traders in the previous action and has dropped the crypto price below the supply levels in its recent high.
The bulls could not relent anyway. So, the LBLOCKUSD price movement to the $0.0000170 high mark below the EMA-50 shortly after today’s 4-hourly session suggests the returns of the coin traders to command the price action.
If buyers should intensify their efforts, the price might retest the $0.0000330 supply level and extend to a $0.0000398 high mark, bolstering the recovery for higher gains.
In addition, further upsides are likely as the market remains in an upward direction, compelling more buyers to return to the market and continue the upward rally. In light of this, the bulls may likely push the Lucky Block price to reach the $0.0001200 supply level and beyond in the medium-term time frame.
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