Lucky Block Price Prediction – December 27
LBLOCKUSD at the moment is preparing for the next jump. The coin price may face retracement at the $0.0000519 current support level for an upward movement soon. Therefore, if the bulls could trigger their forces in the market, the price may likely retrace and turn positive to reach the $0.0002000 high level and beyond.
Levels:
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD price may face retracement at the $0.0000519 current support as the crypto now trades at the oversold region in its long-term outlook. Further, the price is trading above the moving average; which means that it’s in a bullish market zone at the moment.
The increase in the momentum by the bulls at the $0.0000623 supply value during yesterday’s session has enabled the Lucky Block price to stay above the resistance lines in its recent high.
Actions from the short traders dropped the market price of Lucky Block to $0.0000519 above the EMA line as the daily chart begins today. Thus, traders can buy the coin at lower rates at this moment to have more gains ahead.
Hence, the crypto may face retracement at the mentioned support if the bulls could push harder and exchange hands with the sell traders. The coin price may retrace to the upside to retest the $0.00001900 supply mark bringing an additional gain to the coin buyers.
Additionally, the price of LBLOCKUSD might face retracement soon as the coin market price now trades in the oversold region, this will compel the bulls to resume the upward move and in this case, the price might push higher to the $0.0002000 supply mark, and beyond in the days ahead in its medium-term time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The momentum on the medium-term outlook looks bearish but may face retracement at the current support level. The price of LBLOCKUSD is currently trading below the resistance which indicates a bearish trend.
The sustained bearish pressure at the $0.0000591 support value in the previous action has made the crypto price drop below the supply levels in its recent low.
The market price of Lucky Block is currently trading at the $0.0000519 support value below the resistance trend lines in the medium-term outlook. This is due to the inflow from the short traders.
Meanwhile, the current price at a $0.0000519 low value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Notably, the Stochastic is also showing the market is oversold already. This means that the price of LBLOCKUSD may face retracement soon. This will compel the bulls to resume the bullish trend to retest the $0.0001100 supply level; the $0.0002000 resistance level might be reached in the days to come in its medium-term outlook.
You can purchase Lucky Block here. Buy LBLOCK
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