Lucky Block Price Prediction- October 17
Lucky Block price is posed to advance further to the upside. The coin price may likely increase further and break up the $0.0005000 at the upside if all the current support holds in place, the price will definitely rise and retest the $0.01500 upper resistance level and beyond.
Levels:
Resistance levels: $0.0003500, $0.0003600, $0.0003700
Support levels: $0.0002300, $0.0002200, $0.0002100
LBLOCKUSD Long-term Trend: Bullish (1H Chart)
LBLOCKUSD looks positive. Despite the inflow from the sell traders, the 1-hourly chart market of the crypto shows a bullish trend. The pair is losing bearish momentum gradually as it rises above the $0.0002000 resistance level.
The bulls are trying hard not to fall again as the market value of the coin jumped to a $0.002164 high value above the two EMAs shortly after the commencement of the 1-hourly session today. This indicates that the buy investors are actually buying the coin.
Therefore, if the bulls increase their price movement in the market, the coin price will move above the key levels in the resistance area.
In addition to that, Lucky Block is pointing up at the oversold region of the daily stochastic, this means that the selling pressure has ended, so the currency pair is set to be stronger in the coming days and likely to go up towards the $0.01000 upper resistance value in its long-term outlook.
LBLOCKUSD Short-term Trend: Bullish (15-Minutes Chart)
As can be seen from the chart below, the LBLOCKUSD pair is in a bullish market zone in its lower time frame. The price bar is noted above the two moving averages which are glued together.
The long traders made a push to the $0.0002164 supply value shortly after the 15-minute chart resumes today.
Thus, there is more possibility for the pair to reach the higher high of $0.02000 if all the supports hold in place.
However, the bulls are now set to take the Lucky Block price up to a psychologically key level as the price indicator shows an uptrend signal. It is therefore possible for the coin price to break up the $0.0005000 supply value, and invalidate any bearish sentiment as the day goes by in its lower time frame.
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