Lucky Block Price Prediction- November 4
The LBLOCKUSD pair is rising and poised for a potential breakout as it approaches new resistance trend levels. The coin is trending and making its way up after hitting the $0.0000188 low level to signal a pump. Thus, a strong push from the current price at the $0.0000197 supply value above the supply trend levels will put the cryptocurrency in a bullish trend and this may further extend to the $0.000800 upper resistance level resulting in intraday gains for the buy traders.
Key Levels:
Resistance levels: $0.0000195, $0.0000196, $0.0000197
Support levels: $0.0000151, $0.0000150, $0.0000149
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair is poised for a potential breakout as it recovers steadily, aiming at the crucial resistance in its long-term perspective.
The coin is trading below the EMA-50, indicating a bearish trend. However, the current trend will soon be nullified as the market has resumed its bullish race for a potential breakout to the overhead resistance.
The sustained bearish pressure at the $0.0000188 support value in the last session has dropped the crypto price below the supply levels in its recent high. However, the bulls are now set for a potential breakout to further swing up the token price to its new resistance trend levels.
The Lucky Block price on the 4-hourly chart today is poised for a potential breakout. The crypto price is currently facing resistance and trading at the $0.0000197 correction level.
Further, the rising prices reclaimed more confirmation for a bullish recovery. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Therefore, if the bulls should increase their tension in the market, the price tendency will move above the key levels.
Additionally, the daily stochastic remains in an upward direction in the oversold region, suggesting the LBLOCKUSD pair is poised for a potential breakout.
Hence, if the coin buyers improve their buying motives and break above the $0.0000398 previous supply trend line, the market participants may witness a new recovery rally to reach the $0.000800 high mark in the days ahead as the pair is poised for a potential breakout in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
After completing the downward move, the LBLOCKUSD pair is poised for a potential breakout, following the returns of the bulls to the market in its medium-term outlook. The prices are below the supply trend line, indicating a bearish momentum.
The intervention from the sell traders at the $0.0000190 low value in the previous action has made the coin price drop below the supply trend line in its recent high.
The market value of Lucky Block is poised for a potential breakout as it jumps to the $0.0000197 high level below the moving averages shortly after the commencement of the 4-hourly chart today, indicating that positive sentiment is returning to the market.
Thus, buyers must add more pressure to their activities to move the market beyond the current price level.
In addition, the LBLOCKUSD market is poised for a potential breakout as indicated by the daily signal pointing up. Hence, the pair may likely grow to retest the $0.0000330 previous resistance level soon and expose the coin price to hit the $0.000800 upper high mark in the days ahead as it poised for a potential breakout in its medium time frame.
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