Lucky Block Price Prediction- December 14
Lucky Block is on the positive side today and could break up the $0.0000298 supply value. If the coin price could sustain above the pattern supply trend line, the price may trigger up to the overhead resistance level at $0.0000450, thus a clear buy signal.
Levels:
Resistance levels: $0.0000200, $0.0000201, $0.0000202
Support levels: $0.0000160, $0.0000150, $0.0000140
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD is at the moment trading in the bullish trend market in the long-term outlook. The price currently trades above the EMA-50, suggesting a bullish trend. This breakout triggers a smooth bull cycle pattern, leading the prices to an overhead trend line.
The high order flow from the bulls in the last performance also added to this bullishness. However, the bulls’ pressure may surge to break up the above-mentioned supply.
Earlier today, the Lucky Block buyers responded to the market after completing the low-dips at $0.0000195 value and corrected the $0.0000200 high level above the EMA-50, indicating that the bulls are returning gradually for an increase in the coin price and commanding the Lucky Block’s price actions.
This will give room for the buy investors to influence the price tendency. Thus, a break up above the $0.0000298 resistance mark would intensify the buying pressure on the crypto.
Hence, the current correction phase may likely continue as the momentum indicator now points in an upward direction: we can expect the LBLOCKUSD price to reach a significant level of $0.0000450 supply trend line as the bulls continue with their bullish correction and remain dominant in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD also trades in a bullish trend market in the medium-term outlook and may break up the previous peak value due to the high impact from the long-term traders in the price flow.
The cryptocurrency has completed its bearish correction and is now set for an upward momentum. The bulls have decided to shift the trend up after a series of lows shortly after today’s 4-hourly chart opens.
An increase to the $0.0000200 supply value above the moving average level suggests the returns of the buy traders in the market. The market participants are responding to this pattern, and its breakout should offer a good entry opportunity.
Meanwhile, further upsides are likely as the price signal is pointing upwards; implying that the upward rally will still continue and may likely break the $0.0000250 resistance value and this may reach the $0.0000450 supply value soon in the lower time frame.
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