Lucky Block Price Prediction – August 3
Amidst the fluctuations in market dynamics, the LBLOCKUSD pair offers a suitable pullback today, preparing for the next jump. The cryptocurrency is experiencing a bullish correction as the selling pressure has ended. Hence, if the buy investors could prove stronger up the more and the price shows sustainability above the $0.0000745 resistance value, its upsides may extend further to hit the $0.01000 upper resistance level, suggesting a potential gain for the coin buyers
Levels:
Resistance levels: $0.0000400, $0.0000450, $0.0000500
Support levels: $0.0000150, $0.0000130, $0.0000120
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD offers a suitable pullback, but the overall trend is still bearish in its long-term outlook. The price is trading below the EMA-50, suggesting a bearish market zone.
The sustained bearish pressure to a $0.0000174 low value during yesterday’s session has made the cryptocurrency price remain below the supply trend levels in its recent low. However, the coin seems to have pulled back a little as it begins its journey up north.
At the press time, the bulls offered a suitable pullback at the $0.0000182 high level below the moving average shortly after the daily chart opened today, confirming the returns of the long traders into the market. Such lower price rejection indicates that buyers are defending at this level and attempting to increase the coin price.
Thus, the price of Lucky Block will advance further if the bulls can redouble their efforts and push above the $0.0000745 previous supply level, signaling a buying opportunity.
Meanwhile, further downsides are unlikely as the market price of LBLOCKUSD suggests an uptrend on the daily signal. Therefore, we can now grow in confidence that a potential buy is coming near.
In light of this, the price pullback could increase to hit the 0.01000 resistance level in the coming days, indicating a high supply zone for a potential BUY as it offers a suitable pullback in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Due to investors’ interest in the Lucky Block market, the crypto offers a suitable pullback, indicating buyers’ high impact on the token. The coin trades below the EMA-50, indicating a bearish trend. 
The interference from the bears to the $0.0000174 support level before the end of yesterday’s session has dropped the price of Lucky Block below the supply trend lines in its recent high.
Today, the bulls offer a suitable pullback at the $0.0000175 level which increases to a $0.0000182 high level below the moving averages as the 4-hourly session opens today, indicating increasing profits among holders. Thus, closing the 4-hourly session above the $0.0000209 supply level will put the trade more in a profitable state.
In addition, the pair is pointing upwards at around the 25% range of the daily stochastic, indicating potential bullish pressure. It implies that the selling pressure has ended.
If buyers continue to exert influence, the LBLOCKUSD price might touch the $0.0001200 supply level in the days ahead, leading to a potential buy signal for the coin traders as it offers a suitable pullback in its medium-term time frame.
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