Lucky Block Price Prediction – August 8
LBLOCKUSD is attempting the next bull cycle and a breakout is imminent. The crypto is very likely to increase in strength as we are seeing a bullish correction attempting the crucial resistance levels. The coin gave a bullish breakout from the $0.0000169 level, suggesting buy investors are making a recovery attempt. Thus, if the crypto’s price holds above a $0.0000745 high level, the potential rally could surge higher to hit the $0.0001200 supply value and beyond, signaling the potential for significant gains as the uptrend resumes.
Key Levels:
Resistance levels: $0.0000400, $0.0000450, $0.0000500
Support levels: $0.0000150, $0.0000130, $0.0000110
<.
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD long-term chart indicates the pair is attempting the next bull cycle with a bearish sentiment. Prices can be seen rising below the EMA-50, indicating a bearish trend.
This is due to a high inflow from the sell traders. However, the market is presently facing resistance, attempting the next bull cycle at the recent high.
Actions from the short traders at a $0.0000133 low value during yesterday’s session have dropped Lucky Block’s price beneath the supply trend lines in recent times.
Price movement to a $0.0000169 high level below the EMA-50 as the daily chart commenced today, is a pullback that will enable bulls’ recovery to foster a higher price resulting in an intraday gain for buyers.
Thus, a breakout above the overhead trend line could signal a change in price trend to test the previous barrier of $0.0000745 soon, as the bulls are attempting the next bull cycle.
Hence, with the price pointing upwards on the daily stochastic, it means that further upside is certain. It is therefore expected that the buy investors will move LBLOCKUSD price up and may likely hit the $0.0001200 supply level soon, as it attempts the next bull cycle in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Lucky Block price break out is imminent as the chart below indicates that the bulls are attempting the next bull cycle in its medium-term outlook. The pair is currently below the resistance level, suggesting a bearish market.
Activities of the short-term investors at a $0.0000134 low value in the past session have made the crypto price stay below the trend levels in its recent price level.
At the time of writing, the market price of LBLOCKUSD which increases with a long bullish candle from $0.0000136 to the $0.0000169 high level below the moving average suggests the return of buyers attempting the next bull cycle to influence market conditions.
Thus, closing the 4-hourly session above a $0.0000209 high mark will put the trade more on the buy side.
Hence, the pair pointing up on the daily stochastic means that the buying pressure may continue, and suggests a possible recovery of the $0.0001200 supply level in the coming days as the bulls attempt the next bull cycle in the medium time frame.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply