Lucky Block Price Prediction – October 16
Lucky Block buyers anticipate a bullish opportunity as the coin market finds its way to the resistance levels. The recent market structure points to a rise in the near future. The vital resistance for the coin is found near the $0.0000320 supply zone. However, the price can go higher if the current support holds and the bulls can put in aggressive efforts, the crypto price may possibly retest a $0.0002197 high level, to restart a positive cycle within the channel.
Key Levels:
Resistance levels: $0.0001800, $0.0001900, $0.0002000
Support levels: $0.0000300, $0.0000250, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD trades in the bearish trend zone in its long-term outlook. The intervention from sellers at the$0.0000285 in the past few days actually slows the pressure from the bulls down in its recent price level. Notwithstanding, the bulls are not relenting and are therefore preparing for the next bullish opportunity.
The coin at the time of writing has been able to ride up to a $0.0000320 supply level below the EMA as the daily chart opens today. However, trading below the supply levels could be a warning sign for the bulls. Therefore, if the bulls should redouble their efforts in the market, more upsides will be achieved.
Thus, there is an indication of a bullish opportunity ahead as the market now trades and points up in the oversold region. It is expected that buyers to move the price of Lucky Block upward and turn the coin to a bullish market soon.
Hence, the $0.001000 in the supply area might be possibly reached soon in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Lucky Block registered a positive market in its medium-term perspective. The order flows from the bulls affirm that the coin is actively traded by the long investors at the moment.
The coin price holds a bullish opportunity and may continue with the bullish movement if the support level of $0.0000300 holds.
The sustained bullish pressure pushed the pair up to the $0.0000314 resistance level during the past session and sustained it; this has made it possible for the coin to remain strong above the supply levels in its recent price level.
Thus, the recent bounce up at the $0.0000320 supply level as the 4-hour chart opens today needs more confirmation to rely on. This means that the currency pair is gaining more strength and also time for a bullish opportunity is now.
Hence, more upsides are likely as the market price of LBLOCKUSD points upwards on the daily signal. This means that the bullish pattern will continue, we can now expect the long traders to take us up to a $0.001000 significant level in the coming days in its medium-term perspective.
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