Lucky Block Price Prediction – July 31
The LBLOCKUSD pair presents a strong resistance level at $0.0000215 and demonstrates a vigorous movement towards the overhead resistance. The inflows remain positive above the supply level. If the coin holders could prove stronger and the price shows sustainability above the $0.0001099 previous high value, the next target might be the $0.0001200 upper resistance level and beyond, as potential future gains are guaranteed.
Levels:
Resistance levels: $0.0000400, $0.0000500, $0.0000600
Support levels: $0.0000200, $0.0000150, $0.0000100
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The LBLOCKUSD price chart presents a strong resistance level, rising above the key moving average, suggesting a bullish trend. The coin price has walked a lateral path, trying to sustain above the $0.0001099 supply level.
The sustained bullish pressure to a $0.0000206 supply level during yesterday’s session has enabled the crypto price to present a strong resistance level in its recent high.
At press time today, the Lucky Block market rose significantly to the $0.0000215 level above the moving average as the daily chart resumed, signaling a potential correction shortly as the journey up north continued.
Hence, a further increase in the buying pressure may lead the price of LBLOCKUSD to target the $0.0001099 high mark, offering a good entry point for the coin buyers.
In addition, the Lucky Block market is indicating an uptrend on the daily stochastic, implying that the selling pressure is over and the next bullish ride may likely hit the $0.001200 resistance level soon as the pair presents a strong resistance level and look for more gains in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The medium-term chart of LBLOCKUSD presents a strong resistance level, as the bulls drive the coin price toward the upper resistance area. The price is making higher highs and higher lows above the moving average, indicating a strong bullish market zone. This is due to the high inflows from the buy traders.
The bullish impact on the crypto to a $0.0000206 supply level during the previous action has sustained its firmness above the supply levels in its recent high.
Today, the bulls present a strong resistance level at $0.0000215 above the moving average lines shortly after the 4-hour session commences, suggesting the coin investors are dealing on the coin.
The Lucky Block price looks promising as the bulls remain dominant. If the bulls should increase their price action, and bullish momentum is sustained above the $0.0000218 resistance trend lines, the potential rally could lead to the upper resistance levels.
Additionally, the daily stochastic remains upward, if the coin buyers manage to break above the $0.0000218 previous supply trend line, the market participants may witness a new recovery rally and this may likely reach the $0.0001200 high mark soon, offering a good entry point for the buy investors in its medium-term.
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