Lucky Block Price Prediction – September 21
LBLOCKUSD at the moment is preparing for the new resistance trend levels. The pair is possibly making its way up after completing the low dips to signal a pump. Thus, a strong push from the current price at the $0.0000919 supply value above the supply trend levels will put the crypto in a bullish trend and this may further extend to a $0.001000 resistance level resulting in intraday gains for the buy traders.
Levels:
Resistance levels: $0.0001000, $0.0001100, $0.0001200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair indicates a downward trend with a bearish sentiment in its long-term perspective. This is due to the inflows from the short traders in the market which will soon be hibernated as the bulls are preparing for the new resistance trend levels.
The sustained bearish pressure at the $0.0000900 support value in the past few days has made the crypto price drop below the supply levels in its recent price level.
Today, the market price of Lucky Block at the $0.0000919 high level which is below the moving averages as the daily chart opens implies that buyers are making their way into the market steadily to stage a play, and from the way it is at the moment, it will keep growing.
Thus, a strong breakup above the $0.0004450 resistance point would strengthen the bullish pressure.
Adding to that, the LBLOCKUSD market is now trading around the 18% range of the daily stochastic; it means that the selling pressure is not likely to occur again. This will compel the buy traders to resume an uptrend and may likely break up the $0.0004450 supply which may lead the coin price to the $0.001000 high level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Lucky Block is in a bearish momentum in its medium-term view. The trend has just made a correction preparing for the new resistance trend levels.
The price drop to the $0.0000907 low value during the previous action has made the coin price trade below the supply levels in its recent high.
The aggressive move by the bulls retraced the LBLOCKUSD price at the $0.0000919 resistance value below the moving average lines as the 4-hour chart opens today. This suggests that buyers are coming in a grand style to dominate the market and sellers are getting weaker.
Hence, we have a bullish bias that the coin price will rise further to the upside if the buying pressure should increase. Currently, the cryptocurrency is making a correction, there may be a potential rise in the price of Lucky Block to a new resistance level and this may possibly retest the previous high at the $0.0001249 supply level which might further extend the coin price to the $0.001000 upper high trend line in the coming days in its medium-term perspective.
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