Lucky Block Price Prediction- March 13
LBLOCKUSD is quite likely to keep increasing as a result of the current positive correction. The bullish breakout of the coin from the $0.0001216 level indicates that purchasers are attempting a comeback. So, the prospective rally could soar higher to reach $0.0001812 and beyond if the coin price maintains above the $0.0001702 high level.
Key Levels:
Resistance levels: $0.0001800, $0.0001900, $0.0002000
Support levels: $0.0001300, $0.0001200, $0.0001100
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
As an outcome of low bullish momentum, the LBLOCKUSD trades in a bearish trend. The coin rebounded after its massive drops. The coin is now approaching the resistance level in the bearish market trend.
The price drop to the $0.0001126 low value during the previous action has made the coin price trade below the supply levels. This will soon be invalidated as the trend has just resumed its rising pattern but has not yet reached its goal.
As a result of a pullback from buyers, the Lucky Block price has risen to a $0.0001213 high level below the two EMAs as the 4-hourly chart opens today. More buy investors’ worries are the cause of this. The price is therefore ready to surge above the important resistance levels around $0.0001702 should the bulls enhance their swagger in the market.
Furthermore, the bulls are approaching the resistance level because the Lucky Block price now points up below the 20% range of the daily stochastic. As a result, the price may rise quickly to retrace its steps to the $0.0001812 high level soon in the long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
The price of LBLOCKUSD is in a bearish move in its medium-term outlook. The prices are seen slightly below the moving averages, this is due to the brief returns of sellers which may soon fade off.
The pressure from the bears to the $0.0001170 support level in the previous action has put the coin price below the supply levels.
Right now the coin price is currently trading at the resistance level of $0.0001216 slightly below the two EMAs; this assures or confirms the bull’s gradual return to the market. The longer the price stays above the mentioned level, the more pressure builds up to reach a key significant level at the upside.
Additional evidence of an upswing is provided by the Lucky Block price heading upward, which suggests that the buying pressure will persist. As a result, the bullish race may, in its medium-term perspective, may be approaching the $0.0001812 resistance level in the upcoming days.
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