Lucky Block Price Prediction – November 13
LBLOCKUSD is recovering steadily and looks for an upside momentum at the recent upsurge. It is likely that the coin price continue rising as it faces resistance at the moment. The coin gave a bullish breakout from the $0.0000278 level, suggesting that buyers are making a recovery attempt. As a result, the potential rally could reach the $0.0010000 upper resistance level and higher if the cryptocurrency’s price holds above the $0.0001602 high level.
Key Levels:
Resistance levels: $0.0001000, $0.0001100, $0.0001200
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD looks for an upside momentum as it trades below the supply levels in its long-term outlook. It also shows the impeding next big move in the price. The coin price has walked a lateral path, trying to sustain above the $0.0000900 support level.
The sustained selling pressure at a $0.0000254 low level during yesterday’s session has made the coin price remain below the supply levels in its recent price level.
The price action at a $0.0000278 high level below the moving averages shortly after the opening of the daily chart indicates that buyers are returning gradually for an upside momentum to dominate the coin market. However, with this trend, traders may buy the coin at a low price and also make gains in the future.
Meanwhile, if the buy traders successfully keep the Lucky Block prices above $0.0001297, a retest of the previous high at $0.0001602 level is possible which would invalidate any further bearish thesis.
Adding to that, the LBLOCKUSD pair is pointing up on the daily stochastic. It indicates that the bullish trend has just started, and because of that the coin is swinging to the upside soon and the bulls may possibly drive the price of Lucky Block to hit the $0.001000 high level in the upcoming days as the coin looks for an upside momentum in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The market price of LBLOCKUSD is currently trading in the bearish market zone. This is due to the high inflows from the sell trades. Meanwhile, the bulls look for an upside momentum as the coin price resumes its bullish race at the moment.
The bearish pressure at the $0.0000254 support level in the past few hours has made the coin stay below the supply trend levels in its recent high price.
The bulls are not relenting, an increase in price to the $0.0000276 supply value below the EMA-50 with its wick touching it as the 4-hour session opens today, shows that the buy traders are actually trading at this level and also warming up to dominate the market soon.
Hence, traders are hereby advised to seize the opportunity and buy the coin now to have more gains ahead.
More so, the LBLOCKUSD price looks for an upside momentum and the price will still go up as indicated by the daily stochastic which is pointing upward in the oversold region. We can therefore expect the new shift in trend to reach a high at the $0.001000 trend mark soon in its medium-term time frame.
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