Lucky Block Price Prediction- November 8
The Lucky Block price is currently wobbling in the retest phase offering an entry opportunity for interest traders. If the crypto’s price sustains above the $0.0002384 supply level, the potential rally could surge above the $0.004500 resistance value and this may extend to the $0.02000 high mark.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0002100, $0.0002000, $0.0001999
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
LBLOCK is showing a bearish sentiment in its long-term view. The coin is about to retrace from the support zone, this will likely send a clear buy signal in the next move.
The crypto gave a bullish breakout from the range of support at the $0.0002223 level as the 1-hourly chart opens today. The inflow from the short traders slowed the price down to $0.0002218. This will soon be invalidated as the bulls are getting set to retrace from the mentioned support point. Thus, we can grow in confidence that a potential buyer is coming near.
In addition, the Lucky Block market is below the 20% range of the daily stochastic. This means that the coin market is oversold also the selling pressure is exhausted, therefore the next bullish ride may likely hit the $0.02000 resistance level soon as the bulls look for more gains in its long-term perspective.
LBLOCKUSD Short-term Trend: Bearish (15-Minutes Chart)
On the lower time frame, the Lucky Block price can be seen below the EMAs, which means that the price is in a bearish market arena.
The buy traders triggered the price up to a $0.0002229 supply level after which the sellers return and drove the price down to a $0.0002221 low level. Thus, price reversal at the current mentioned support is imminent.
If the bulls should increase their momentum, the price will definitely go higher above the key levels in the supply level.
Meanwhile, the market selling pressure will soon be exhausted as indicated by the daily stochastic. We can now expect the price to turn upside and a $0.02000 high level might be reached in the coming days in its lower time frame.
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