Lucky Block Price Prediction – December 28
The LBLOCKUSD pair could reach the upper high level soon as the coin is now making a new correction to the upside on the daily chart. If the forces from buyers in the market should increase and the current support level at $0.0000466 holds, the coin price may rise further to reach the high of $0.0002000 mark and beyond.
Levels:
Resistance levels: $0.0000600, $0.0000700, $0.0000800
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The Lucky Block price is in a bullish trend in its long-term view. The bulls are now involved in the order flow and the price could reach the upper high mark soon.
During the previous action, the sustained bearish pressure at the $0.0000466 support value has made the crypto’s price stay below the supply trend line in its recent price level.
Hence, after finishing the lows, the LBLOCKUSD price has increased to a $0.0000496 high level slightly above the EMA as a pullback as the daily chart resumes today. This is due to increased concerns among the buy investors.
Thus, should the bulls increase their buying motives and push higher the coin price could reach the $0.0001900 previous high mark soon.
Meanwhile, the Lucky Block price is pointing up below the 10% range of the daily stochastic, this will compel more bulls to continue with the bullish trend, as a result, the coin price could reach the $0.0002000 upper resistance trend level in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The price of LBLOCKUSD is in a bearish move in its medium-term outlook. The prices are seen below the moving average which confirms its bearishness.
Thus, the bearish trend about to turn positive could reach the upper high level when the market selling pressure seems exhausted.
The coin has been interfering with the sell traders in the previous action and has dropped the price below the supply levels in its recent low.
Actions from the bears further dropped the coin price down to the $0.0000496 support level below the EMA as the 4-hour chart resumes today. Meanwhile, traders can join the buy investors and buy the coin at a lower price for more future gains.
In continuation, the market price of Lucky Block now points up in the oversold region of the daily stochastic, this means that the selling pressure has reached exhaustion, and the expected upside move in the price could reach the high at $0.0002000 mark in the coming days in its medium-term outlook.
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