Lucky Block Price Prediction- March 4
LBLOCKUSD is in an attempt for the next bull cycle. The coin is very likely to increase in strength as we are seeing a bullish correction in place. Thus, if the crypto’s price sustains above the $0.0002024 high level, the potential rally could surge higher to hit the $0.02000 supply value and beyond.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001600, $0.0001500, $0.0001400
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The LBLOCKUSD pair indicates a downward trend with a bearish sentiment in its long-term perspective. The coin price can be seen below the two EMAs which are glued together. This is due to the high inflows from the sell traders.
The price drop to the $0.0001490 support level during the previous action has led to the bearishness of the crypto.
The bulls made an increase to a $0.0001633 resistance level above the moving averages after which sellers returned briefly and dumped the price to a low at the $0.0001521 level.
As a result of price rejection at this level, there was an immediate reversal. Buyers move the price up again to a high at $0.0001558 value as the buying pressure has just started. Buyers must redouble their efforts to forecast a bullish increase in the market above the $0.0002024 level; instead, as momentum continues to deteriorate, the sale will intensify.
From the look of things, further downwards may not likely be possible as the market is pointing upward on the daily stochastic. The Lucky Block market is gaining momentum now and may hit the $0.02000 supply level in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
At the moment, the price of LBLOCKUSD is struggling at a critical level. The price is now above the EMA-9 with its wick touching the EMA-50.
A successful breakout by the bulls to $0.0001636 in the past few hours has sustained the coin above the trend line in its recent high.
The current correction value at the $0.0001558 supply point suggests an attempt by the bulls to resume the recovery race. In case the buy traders respond to the shift in trend the previous high at $0.0002024 would be tested soon.
However, further upside is likely as the price indicator now points up. This means that the LBLOCKUSD price will continue in an uptrend and this may likely hit the $0.02000 supply mark and beyond in its medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply