Lucky Block Price Prediction – October 12
LBLOCKUSD has been in a downtrend for a while and it is likely to break out from its shell and face the positive side soon. Hence, an increase in the bulls’ pressure may break up the supply mark at $0.0002000 and this may swing up the crypto price to $0.001000 and $0.001500 supply levels and beyond.
Levels:
Resistance levels: $0.0001900, $0.0002000, $0.0002100
Support levels: $0.0000800, $0.0000700, $0.0000600
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is trading below the moving averages, this means that the price is in a bearish trend in its long-term view. Meanwhile, the coin may likely break up the supply level soon as the market selling pressure seems exhausted.
The sustained pressure from the sell traders at the $0.0000296 low value during yesterday’s session has made the crypto price remain lower at its recent low.
The price of Lucky Block dropped further to a $0.0000293 support value below the EMAs as the daily chart opens today.
Thus, if the bulls can put extra effort into the price action and break up the $0.0002000 supply mark, further selling pressure will be put into hibernation.
Similarly, there are more bullish runs to come as the market now trades at the oversold region, this suggests that the price of Lucky Block will still definitely rise further and may break up the current supply level of $0.0002000 soon in the long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
LBLOCKUSD is having a bearish posture in its medium-term outlook. The price bar can be seen below the EMA, indicating a downward trend. Thus, a new breakup by the bulls has been spotted which may likely put a hold on any bearish thesis.
The bearish pressure at the $0.0000261 support level in the past few hours has made the coin stay below the supply trend levels in recent times.
The bulls are also trying and will not allow the support level to stay. The price is now on its way up to the resistance area to invalidate the bearishness.
Thus, the current supply mark at $0.0000297 confirms the return and presence of more bulls in the market at the moment. Therefore, if the bulls should add more aggression to their activities in the market, the $0.0001088 resistance level might be reached soon.
Additionally, in case buyers manage to break up the pattern’s resistance trend line at a $0.0001088 high value, a possible relief rally may drive the LBLOCKUSD price to the $0.0002000 resistance mark. Thus a turnaround and a clear buy signal for the coin buyers
You can purchase Lucky Block here. Buy LBLOCK
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