Lucky Block Price Prediction- April 18
The LBLOCKUSD price is now on its way to a new resistance trend level and may likely break up the $0.0003429 high value soon as we can see a recovery attempt from the bulls at the present. In case the bulls’ pressure breaks up the mentioned resistance level, the coin price may increase further to a $0.01000 high trend line which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0001600, $0.0001500, $0.0001400
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The price of Lucky Block is currently trading in a bearish zone in its long-term view. The coin price can be seen below the two EMAs which are glued together, indicating a downward trend. However, this trend will soon be invalidated as the buy investors are warming up to take over the market.
The pressure from sellers at the $0.0001851 low value in the previous action actually added to the bearish impact on the market.
However, the bulls overrode this and moved the price of Lucky Block up to the $0.0001865 resistance level slightly below the two EMAs as the 4-hourly chart opens today. Should the coin price turn up from the $0.0001865 supply value and jump above the $0.0003429 supply mark, the bearish thesis would get invalidated.
In addition to that, there is a possibility of a bullish breakout as the market price of LBLOCKUSD is oversold already. Therefore the bulls are expected to continue with the bullish correction rally, if this is achieved, the coin price might possibly break up the $0.0003429 previous high which may likely reach the $0.01000 high mark in the coming days in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
The LBLOCKUSD pair is in a downtrend in its medium-term outlook. The price bars are below the moving averages, this means that the pair is in a bearish market zone.
The involvement of the bears in the past action however made the price trade below the moving averages at its recent high.
The smooth ride to the $0.0001865 high mark below the two EMAs shortly after the 1-hourly session begins indicates the high impact of the bulls in the market. Further, if the bulls could prove stronger and additional selling power is prevented the coin price may likely break above the $0.0003429 supply value soon.
Similarly, the Lucky Block price is about to experience a bullish correction trend pattern as the market is pointing up below the 5% value of daily stochastic. So the price could be ready very soon for another jump. In this case, the price may break up the $0.0003429 resistance value which may possibly extend to the $0.01000 upper supply trend line in the days ahead in its higher time frame.
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