Lucky Block Price Prediction- April 27
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 break up the previous supply mark at $0.002890 and this may swing up the crypto price to a $0.02000 resistance level and beyond.
Levels:
Resistance levels: $0.0002300, $0.0002400, $0.0002500
Support levels: $0.0001900, $0.0001800, $0.0001700
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
LBLOCKUSD indicates a downward trend with a bearish sentiment in its long-term perspective. The coin price can be seen below the two EMAs, this is due to the high inflows from the sell traders.
The price drop to the $0.0001818 low value during the previous action has made the coin price trade below the supply levels in its recent low.
The bearish pressure further dropped the coin price down to the $0.0001778 support value below the moving averages as the 4-hourly chart resumes today. Further, investors who buy the coin during a massive drop will also make gains in the future.
Should the coin price turn up from the $0.0001778 support and jump above the $0.0002890 supply mark, the bearish thesis would get invalidated.
In addition, the momentum indicator also signaled up indicating an uptrend. Buyers are expected to continue with the trend and in this case, the price of Lucky Block might possibly extend to the $0.02000 resistance value in the days ahead in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
LBLOCKUSD pair is in a bearish market in its medium-term outlook. The pair is currently below the level of $0.0001819.
The involvement of the bears however made the price to trade at a $0.0001778 low level below the moving averages as the 1-hourly chart resumes today.
Further, if additional selling power is prevented the price of Lucky Block may likely hit the previous high of $0.0002100 soon.
Hence, the pair pointing up on the daily stochastic, means that the buying pressure may resume soon, and suggests a possible recovery of the $0.02000 supply level in the coming days in the medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
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