Lucky Block Price Prediction- January 24
Lucky Block‘s price is likely to break out from its shell and moves above the resistance trend lines soon as the bulls are ready to raise the buying pressure. If the bulls disagree with the bears and increase their strength the coin price could jump up and closes above the $0.0002100 high level, further bearishness would be invalidated and the price could hit the $0.02000 supply level.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001800, $0.0001700, $0.0001600
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The LBLOCKUSD price is in a bearish market at the moment in the higher time frame, this is due to the high impact of the short traders in the order flow. Further, the price action can be seen below the two EMAs.
The pressure from sellers which dropped the coin price down to a low of $0.0001502 level in the past few hours actually adds to the bearish impact on the market.
However, the bulls override this and move the coin price up to the $0.0001572 resistance level slightly below the moving averages as the 1-hourly chart opens today.
Additionally, the market value of Lucky Block is oversold and the selling pressure has ended as indicated by the daily signal. Should the bulls change their orientation and the buying pressure persists, the coin will possibly give a bullish breakout of the bearish pattern to retest the $0.0001952 supply level which may eventually lead the crypto price to hit the $0.01000 high mark in the coming days in its long-term perspective.
LBLOCKUSD Short-term Trend: Bearish (15-Minute Chart)
The LBLOCKUSD pair is in a bearish market zone in its short-term outlook. This is because the short traders are now involved in the order flow. The bulls and the bears have been in interacting together in the previous action.
Earlier today, the buy traders made it up to a $0.0001602 high level after which the bears interfered and dropped the coin price down to the $0.0001586 support value below the two EMAs as the 15-minutes chart opens today.
The bulls made an additional effort to their buying pressure and made a corrective move up to the $0.0001572 supply level to resume the bullish trend and raise the buying pressure.
Therefore, if the bulls could increase their tension in the market, the price tendency will move above the key levels.
There are more bullish runs to come as the market trades at the oversold region at the present, this suggests that the price of Lucky Block will still definitely rise further above the current supply level and the next price target by the bulls might be the $0.01000 high mark in the short-term outlook.
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