Lucky Block Price Prediction – December 19
The LBLOCKUSD pair is slowly forming a rising pattern to retest the $0.0000330 high level following Bitcoin’s recent all-time high of $107k. Based on the outlook, if the resistance level rises above the $0.0000298 value, continuation to the upside is ensured, and this may surge to retest the $0.0000330 peak value, signaling a robust upward trajectory.
Key Levels:
Resistance levels: $0.0000179, $0.0000180, $0.0000181
Support levels: $0.0000152, $0.0000151, $0.0000150
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Lucky Block pair may retest the $0.0000330 high level after hitting the previous low while making its way up to overcome selling pressure and signal a pump up. The price will want to bounce up again in the long term.
The crypto has completed its correction and is set for an upward momentum. The bulls have decided to shift the trend up after a series of lows shortly after today’s hourly chart opens.
The LBLOCKUSD price pullback at the $0.0000179 resistance level below the EMA -50 as the daily session resumes today suggests the returns of the buy traders. It may surge to retest the $0.0000330 high level if the market conditions remain favorable. The market participants respond to this pattern, and its breakout should offer a good entry opportunity.
Next, there are more bullish runs to come as the market points upward at the oversold region at the present, suggesting that the price of Lucky Block will rise further to retest the $0.0000330 peak value soon to hit the $0.000800 upper resistance value in the long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
LBLOCKUSD indicates a downward trend and may surge to retest the crucial level as it resumes its bullish trend pattern in its medium-term perspective.
The crypto price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few hours.
The coin is about to turn positive and may break up to retest the key resistance levels, as we are seeing a new correction in place.
The bulls could not relent anyway. So, the price movement after dropping to a $0.0000168 low level shortly after today’s 4-hourly session opening, the price of LBLOCKUSD jump to a $0.0000179 high level below the moving average.
It’s worth noting that the upward trajectory could face another barrier to retesting the $0.0000330 if the buying pressure is ignited. Thus, a breakout above this level could propel Lucky Block higher by 20%.
Hence, if buyers should intensify their efforts, the LBOCKUSD price might retest the $0.0000330 supply level and extend to a $0.0000800 high mark in the days ahead in its lower time frame.
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