Lucky Block Price Prediction- January 27
The Lucky Block is in an attempt for the next upward performance. The coin price is struggling heavily not to fall and it could remain and continue to face the positive side of the bulls should intensify their effort and break up the $0.0001874 resistance level. The coin may likely be heading toward the $0.01000 supply level.
Key Levels:
Resistance levels: $0.0002400, $0.0002500, $0.0002600
Support levels: $0.0001800, $0.0001700, $0.0001600
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
LBLOCKUSD indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the two EMAs.
The bearish pressure on the crypto during the previous action has made the coin price stay below the supply trend lines. However, the market is presently facing resistance at the recent high.
The bull run caused a rise in the price of Lucky Block to the $0.0001668 supply level after which the sell traders returned the price to a low of $0.0001611 value below the moving averages.
The coin reacted to the market activities and currently trades in a green candle at the $0.0001608 correction mark. Doing so will offer a higher footing for buyers to prolong this recovery.
Hence, with the price pointing upwards on the daily stochastic means that further upside is certain. It is therefore expected that the buy investors will move the price action up and may likely hit the $0.01000 supply level in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (15-Minute Chart)
The currency pair is showing a bearish sentiment in its lower time frame. The price actions can be seen below the moving averages.
Now, LBLOCKUSD’s price at the $0.0001609 resistance value, slightly below the two EMAs is an indication that buyers are gradually returning to the market.
Meanwhile, a further rise in the market price of the crypto is possible, if the buy traders can trigger their buying pressure and break up the $0.000171 high level.
The price might possibly reach the $0.01000 supply level in the coming days in its lower time frame.
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