Lucky Block Price Prediction- November 2
LBLOCKUSD has been in a downtrend for a while and is on the verge of reversal at the moment. An increase in the bulls’ pressure may breakup the supply mark at $0.0002210 and this may accelerate the coin price to a $0.02000 high mark and beyond.
Levels:
Resistance levels: $0.0002300, $0.0002400, $0.0002500
Support levels: $0.0002100, $0.0002000, $0.0001999
LBLOCKUSD Long-term Trend: Bullish (1H Chart)
LBLOCKUSD indicates an upward trend with a bullish sentiment in its long-term perspective. The coin price can be seen above the two EMAs. This is due to the high inflows from the buy traders.
Earlier today, the bulls’ action increased the price of Lucky Block from $0.0002112 value to $0.0002126 high mark above the moving averages even as the 1-hourly session opens today. This suggests that buyers are on top of the market and remain dominant at the moment. Thus, a break above $0.0002210 would intensify the buying pressure on the crypto.
The daily stochastic also signaled an upward trend. Buyers are expected to continue with the bullish correction pattern and in this case, the price might possibly break up the $0.0002210 resistance value and extends to a $0.02000 supply mark soon in its long-term perspective.
LBLOCKUSD Short-term Trend: Bearish (15-Minutes Chart)
LBLOCKUSD pair is in a bearish market in its short-term outlook. The pair is currently trading below the two EMAs.
The smooth ride to the $0.0002126 high mark shortly after the 15-minutes session begins indicates the high impact of the bulls in the market. The involvement of the bears however dropped the coin price down to a $0.0002103 low level below the moving averages. Hence, traders can join the market at the current price to gain additional future gains.
Further, if additional selling power is prevented the price may likely hit the previous high of $0.0002126 and this may drive the price of Lucky Block to the $0.02000 resistance trend line in the days ahead in its lower time frame.
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