Lucky Block Price Prediction- August 25
Lucky Block is well on its way to the resistance. The recent market structure points to a rise in the near future. The vital resistance for the coin is found near the $0.002078 zone. However, the price can go higher if the current support holds and the bulls can put in aggressive efforts, the price may possibly retest a $0.03000 high level.
Levels:
Resistance levels: $0.002300, $0.002400, $0.002500
Support levels: $0.001812, $0.001712, $0.001612
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
LBLOCKUSD trades in the bearish trend zone in its long-term outlook. The intervention from the sellers actually slows the pressure from the bulls down. Notwithstanding, the bulls are not relenting and are therefore preparing for the next uptrend.
The cryptocurrency at the time of writing has been able to ride up to a $0.002022 supply level as the 4-hourly chart opens today. However, trading below a $0.001938 low level could be a warning sign for the bulls. Therefore, if the bulls should redouble their efforts in the market, more upsides will be achieved.
Thus, there is an indication of more positive moves ahead as the market now trades in the oversold region. It is expected of the buyers to move the price of Lucky Block upward and turn the coin into a bullish market soon. $0.3000 in the supply area might be possibly reached in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
In the lower time frame, the crypto is trading in the bearish market zone. The price of the LBLOCkUSD may commence bullish movement soon if the support level of $0.001874 holds.
A further rise in the price of the coin by the buyers to a $0.002063 high level above the moving averages occur today during the 1-hourly session after which the short traders came in and dropped the price down to a $0.001874 low level.
The buy traders could not relent, thus, the recent bounce back at the $0.001940 supply level needs more confirmation to rely on. This means that the currency pair is gaining more strength and also time for the buy session is very near.
Hence, more upsides are likely as the market reaches the oversold region. This means that the selling pressure has ended, we will now be looking at the emergence of more bullish forces in the market as the long traders take us up to a $0.3000 significant level in the coming days in its medium-term perspective.
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