Lucky Block Price Prediction – October 4
LBLOCKUSD is about to resume its recovery which makes the coin buyers set the base for an increase. This could be achieved if all the support level holds and the bulls put more aggression into their activities, the coin price may rally up to a $0.001000 upper high level and beyond.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000800, $0.0000700, $0.0000600
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is in a bearish market zone in its long-term perspective. This is due to the inflow of the short traders. Meanwhile, the coin buyers have set the base for the next move as we can spot a new correction at the support level.
Sellers’ activities to a$0.0000273 low level during yesterday’s session have dropped the crypto’s price below the supply trend lines in its recent price level.
The bulls are trying hard not to fall again as the market value of Lucky Block jumps to a $0.000346 high value below the EMAs as a retracement shortly after the commencement of the daily session today. If the bullish momentum persists, a breakout above the accumulation zone of $0.0002300 level with a daily candle closing will signal a strong buy signal for interested traders.
In continuation, the market price of LBLOCKUSD has just begun its rising pattern, it is now expected that buyers to take the price up and the $0.001000 upper resistance level might be the target in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is trading below the moving averages, an indication of a bearish market sentiment in its medium-term time frame. Thus the LBLOCKUSD market is oversold already, thereby setting the base for the next move.
Action from the bears to a $0.0000280 support value in the previous session also contributed to its bearishness in recent times.
Today, the bulls are trying hard to remain above the $0.0001139 supply mark, so there is a possibility for the coin price to pull back at the current support of $0.0000291 to invalidate the bearish theory.
However, long traders can join the market or invest in the crypto with the current trend and buy at a lower rate for more gains in the future. This will reflect an increase in the trend momentum.
Adding to this, the anticipated bullish reversal could kick start a new recovery cycle and may push the price above the $0.0001139 price level which may further extend the price of Lucky Block to the $0.001000 upper high mark in the nearest future in its medium-term outlook.
You can purchase Lucky Block here. Buy LBLOCK
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