Lucky Block Price Prediction- March 25
The LBLOCKUSD pair still trades in an uptrend and may likely revisit its previous high at the $0.0003429 level. Should the bulls regroup and push higher, a further bullish breakout from the $0.0001664 value will accelerate the new correction phase. The $0.02000 upper resistance mark and beyond might be the target.
Levels:
Resistance levels: $0.0002300, $0.0002400, $0.0002500
Support levels: $0.0001500, $0.0001400, $0.0001300
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
LBLOCKUSD is in an upward trend with a bullish sentiment in its long-term perspective. The coin price can be seen above the EMA-50 but slightly below the EMA-9 on the 4-hourly chart, this is due to the high inflows from the buy traders.
The price increase by the bulls to the $0.0001800 supply value during the previous action has made the coin price trade above the supply levels in its recent high.
The impulse move by the bulls pushed the Lucky Block price up to the $0.0001664 supply value above the EMA-50 approaching the overhead resistance level as the 4-hourly chart opens today. Thus, the bullish correction at the mentioned supply value returns the buy investors to the market for the next increase race. Thus, a break above the $0.0002599 supply value would intensify the buying pressure on the crypto.
In a similar vein, the daily stochastic, which is in an upward direction, suggests that the coin price may continue to move up north. This indicates that the selling pressure has subsided, and we can anticipate that the upcoming bullish correction phase may possibly rise to revisit the previous high of $0.0003429 value which could further extend to the $0.02000 supply value in the days ahead in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
Lucky Block’s price is in an upward move in its medium-term perspective. The price bar can be sighted above the EMA-9. The sustained bullish pressure pushed the pair up to the $0.0001660 resistance level during yesterday’s session and sustained it.
The price is currently recovering and showing positive signs at the $0.0001666 high level above the EMA-9 as the 1-hourly chart resumes today. Hence, should the bulls exchange hands with the sell traders and close above the $0.0002599 resistance value, additional intraday gains would be recorded for the buy investors.
However, the stochastic oscillator signal pointing up indicates a possible rise of the pair, in light of this, the price of LBLOCKUSD may likely revisit its previous high of $0.0003429 supply value to hit the $0.02000 upper resistance in the days ahead in its medium-term view.
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