Lucky Block Price Prediction – January 18
Lucky Block price is in a position for a bullish trend continuation pattern as the coin is an ascending channel making higher highs and higher lows at the moment. The coin might swing up and break its previous high of $0.0001900 level if further bearish pressure is restricted. The bullish correction phase will extend to meet the resistance at the $0.0002000 upper trend line.
Levels:
Resistance levels: $0.0000600, $0.0000700, $0.0000800
Support levels: $0.0000450, $0.0000350, $0.0000250
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
From the chart above, we can be assured that LBLOCKUSD has the potential for a bullish trend continuation as the price remains stable above the supply level in its long-term view.
The sustained bullish pressure pushed the pair up to the $0.0000543 resistance level in the past few days and has made it possible for the coin to remain strong above the supply levels in its recent high.
The current price of the pair at a $0.0000529 resistance level slightly above the EMA-50 as the daily session opens today indicates an uptrend in the context of the strength of the market. This gives the Lucky Block price the potential for bullish trend continuation.
Therefore, if the bulls could increase their tension in the market, the price of LBLOCKUSD will move above the key levels at $0.0001900.
Meanwhile, further upsides are likely as the price signal is pointing upward, this means that the bullish trend pattern will still continue and may likely break the $0.0001900 high mark which might hit the $0.0002000 supply value in the coming days in the long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD pair also has the potential for a bullish trend continuation as it remains strong in a bullish trend in its medium-term outlook. The bulls are trying not to fall this time around. Further, the coin prices are traded above the moving average lines, this confirms a bullish trend.
The bulls’ pressure on the cryptocurrency to the $0.0000444 resistance level in the previous action has made it possible for it to retain its bullish trend continuation pattern in its recent high.
The market price of LBLOCKUSD which increases to the $0.0000501 high level above the EMA-50 suggests that the buy investors are dealing in the coin investment. Thus, closing the 4-hour session above the $0.0000790 supply value will put the trade more on the buy side.
Hence, the Lucky Block pair is pointing up on the daily stochastic; this means that the coin has a potential for a bullish trend continuation, and suggests a possible recovery of $0.0002000 supply level in the coming days in the medium-term time frame.
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