Lucky Block Price Prediction- May 8
LBLOCKUSD goes bullish again, as the price is now facing the ascending channel. The coin is hovering above the resistance level at $0.0001731: if the bulls increase their strength and the price closes above this level, it would be a turnaround for the LBLOCKUSD investors.
Levels:
Resistance levels: $0.0002100, $0.0002200, $0.0002300
Support levels: $0.001850, $0.001750, $0.001650
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
LBLOCKUSD‘s price is in a bullish market at the moment in its higher time frame. Further, the coin is trading above the EMA-9 and moving toward the upper resistance area.
The coin having dropped down to a low at the $0.0001716 level in the previous action has been rejected by the bulls at the moment.
Commitment from the bulls now retraced the price of Lucky Block from the mentioned support to a $0.0001731 high mark above the EMA-9 as the 4-hourly session resumes today, this means that the coin price is still at the disposal of the buy investors. Staying above the moving averages makes the bulls capable to influence the price tendency.
In addition, the coin market may likely continue in the same trend as the bulls are clustered around the market which is in the overbought region. We can therefore expect the coin to hit a high at $0.02000 level soon as we watch the bulls dictating the market in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
LBLOCKUSD is trading above the moving averages in its medium-term outlook, this means that the price is in a bullish trend in its long-term view. 
We can see that the price has an uptrend and is traded in an uptrend channel, so we have to look for support levels or key setups, which will enable us to enter the trade with low risk.
The buy traders made a strong push with a long candle to the $0.0001731 resistance level above the moving averages as the 1-hourly chart opens today which indicates an intraday growth and more gains for buyers. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
In addition to that, the daily signal indicates an uptrend; this means that the price of Lucky Block which is trading above the moving averages might keep pushing up. Therefore, if the bulls should add more aggression to their activities in the market, the $0.02000 resistance level might be reached soon in its medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply