Lucky Block Price Prediction- February 9
The Lucky Block (LBLOCKUSD) price’s next target might be the $0.02000 supply value. The buying pressure can still go higher if the bulls are able to swing harder and the coin price is able to break up the $0.002269 high value, then we can expect a good upside momentum up to the $0.02000 resistance trend line.
Levels:
Resistance levels: $0.0002200, $0.0002400, $0.0002500
Support levels: $0.0001600, $0.0001500, $0.0001400
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
LBLOCKUSD is in a bullish market zone in its long-term perspective. As an outcome of low bearish momentum, buyers are hindering the market from smashing through the support zones.
The price is trading above the supply trend lines due to the high impact from the buy traders in the previous action.
The coin price on the 4-hourly chart is currently facing resistance near the $0.0001845 value and the coin is also approaching the retest of the previous high at the the$0.002071 level.
This bullish correction, however, indicates a gradual improvement in market sentiment and leads to more intraday gains in assets to higher prices.
bulls increase their tension in the market, the price tendency will move above the key levels.
In addition, the price of LBLOCKUSD may likely continue its bullish waves as indicated by the daily stochastic which is pointing in an upward direction, a daily close above the $0.0002269 high mark could invalidate further bearish outlook and the $0.02000 supply value might possibly be the target in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
The momentum on the medium-term outlook is in an ascending channel as can be seen from the chart below. The price of LBLOCKUSD is currently trading at the resistance above the two EMAs. So it seems likely that the bulls are about to take over and push us higher.
However, the previous action at the $0.0001806 high level during yesterday’s session has really sustained the coin price to remain above the trend line.
Despite the interactions from the short traders, the bulls caused a rise to a $0.0001842 high level as the 1-hourly chart opens today. Thus, buyers need to add more pressure to their activities to move the price of Lucky Block beyond the current price level.
Further, continuation to the upsides is likely as the price indicator projects an upward move. This implies that the bullish trend will most probably continue and the pattern might hit the $0.02000 resistance trend line resulting in intraday gains for the coin holders in its medium-term view.
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