Lucky Block Price Prediction – November 29
LBLOCKUSD is about to complete the dip-lows. The coin now has the potential to break up the above-mentioned previous supply to rise further as we can see the coin market approaching the oversold territory. In case the bulls increase their tension and break up the resistance level of $0.0001602, the price may increase further to a $0.001000 upper high level and beyond.
Levels:
Resistance levels: $0.0000800, $0.0000900, $0.0001000
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The momentum on the long-term outlook looks bearish but the bulls have a target of breaking up the previous high value at $0.0002000 to resume its uptrend soon as the market price of Lucky Block now approaches the oversold region.
The bears’ move to the $0.0000260 support value in the previous action has dropped the coin price below the supply trend lines in its recent low. LBLOCKUSD is losing bullish momentum as it drops to a $0.00020269 low value below the EMA-50 as the daily chart opens today. Thus, buyers need to add more aggression to their activities to move the market beyond the current trend level.
In addition, the Lucky Block buyers have the target of breaking up the $0.0002000 previous high point if the current support level at $0.0000260 holds. As a result, the coin price may extend to a $0.001000 upper resistance level in the days ahead in its higher time outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
On the medium-term chart, Lucky Block is forming lower lows and lower highs. Further, the price is trading below the 50-day exponential moving average but has the potential of breaking up the resistance level soon as the market price is closer to the oversold region.
The bears’ pressure to the $0.0000270 support level in the previous action has contributed to its bearishness in its recent low.
The market price of LBLOCKUSD may resume its upside moves soon as price reversal at the $0.0000272 low level is imminent. Based on the outlook, should the bulls push higher and close above the $0.0000315 high mark, a bullish breakout confirmation will reflect the improved market sentiment.
Furthermore, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the $0.001000 resistance level as the bulls aim at breaking up the resistance level in the coming days in its medium-term time frame.
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