Lucky Block Price Prediction- August 20
The nearest resistance of LBLOCKUSD is between levels $0.002225 to $0.002245, whereas the most immediate potential resistance is found around $0.002067. There is a higher probability of a price-breaking resistance zone if the buy traders can double their efforts.
Levels:
Resistance levels: $0.002070, $0.002080, $0.002090
Support levels: $0.002020, $0.002010, $0.00200
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
LBLOCKUSD indicates an upward trend with a bullish sentiment. Currently, the price is hovering between the moving averages.
The bulls’ action increases the price up to the $0.002067 resistance level even as the 4-hourly session opens today. A break above $0.002183 would intensify the buying pressure on the crypto.
Next, the fact that the market has been oversold already will draw the buy traders more to the market, if that occurs the price could further climb toward a $0.004000 upper high level and this will add to the bullish race in the future in its long-term outlook.
LBLOCK/USD Medium-term Trend: Bullish (1H Chart)
In the one-hour time frame, the price made higher highs and higher lows, but recently, the trend has changed from bullish to bearish with the price slightly above the moving averages which are glued together.
Lucky Block’s price at the $0.002056 resistance level can be seen above the two moving averages; therefore, if the bulls increase their tension in the market, the price tendency will rise above the key levels.
In addition, the coin is at the oversold region of the daily stochastic, more buyers’ participation is a prerequisite at the moment. We expect the price to test the $0.004000 upper resistance value amid sustained buying pressure in the coming days in its lower time frame.
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