Lucky Block Price Prediction- April 25
The LBLOCKUSD price may head towards the $0.01000 resistance level as the pair is about to resume its bullish race. The coin price is struggling heavily not to fall and it could remain and continue to face the positive side of the bulls should intensify their effort and break up the $0.0002890 resistance level. The coin may likely be heading towards the $0.01000 upper resistance level and beyond.
Key Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001980, $0.0001880, $0.0001780
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
From the chart above we can see the Lucky Block price below the moving averages; this means that the coin is in a bearish market zone.
The price drop to the $0.0001795 low value during the previous action has made the coin price trade below the supply levels. This will soon be invalidated as the trend has just resumed its rising pattern but has not yet reached its goal.
Today, the price pulls back at a level of $0.0001861 which later increases to a $0.0001880 high level indicating the bulls’ gradual return to the market.
However, the currency pair could grow further if the bull traders managed to break up above the $0.0002890 level, maintaining further growth potential for the buy traders.
Next, the price will rise further as shown by the stochastic indicator which is pointing up; this means that more upsides are certain and in this case, the price of LBLOCKUSD may possibly head toward the $0.01000 supply mark in the days ahead in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
The LBLOCKUSD pair is showing a bearish sentiment. The price actions can be seen below the moving averages which are glued together, which indicates a bearish trend in its medium-term view.
The bearish pressure to the $0.0001751 low value in the past action has made the coin price drop below the supply trend levels in its recent price level.
Now, Lucky Block’s price at the $0.0001864 resistance value, slightly below the two EMAs as the 1-hourly chart resumes today is an indication that buyers are gradually returning to the market.
Meanwhile, a further rise in the market price of Lucky Block is possible, if the buy traders can trigger their buying pressure and break up the $0.0002200 level. The price might possibly move upwards to hit the $0.01000 supply level in the days ahead in its medium-term time frame.
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