Lucky Block Price Prediction- September 16
Lucky Block price is posed to advance to the upside. The coin may likely reverse and face the upside if all the current support holds in place, the price will definitely rise and retest the $0.0008497 resistance level and the key level of $0.01000 at the upper resistance might be the target.
Levels:
Resistance levels: $0.0007500, $0.0007600, $0.0007700
Support levels: $0.0006700, $0.0006600, $0.0006500
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
Lucky Block price is in a bearish market zone in its long-term perspective. After a series of sideway moves, the coin is poised to advance to the upside.
The bulls made a rally from the $0.0006884 to the $0.0006999 resistance value below the two EMAs shortly after the 1-hourly session opens today. This is due to the high impact of the long traders in the market.
Thus, if the bulls could redouble their efforts and push the price action of LBLOCKUSD above $0.0008500 then we can be sure of a flip into potential resistance.
Further, the cryptocurrency is oversold already as indicated by the daily stochastic, therefore the price is facing buying pressure soon as the buy investors are gathering momentum. The price action is now expected to reach a key level at $0.01000 supply level or beyond in the coming days in its long-term outlook.
LBLOCKUSD Short-term Trend: Bullish (30-Minute Chart)
The currency pair is in an upward move in its short-term outlook. This is because the buy traders are now actively involved in the order flow.
The market value of LBOCKUSD rises to a $0.0004975 high level and later dropped to a $0.0006999 high level above the EMA-9 as the 30-minute chart opens today.
Next, the pair is set to turn upside as the market is around level 31% of the daily stochastic in the oversold region. This will actually compel the bullish pressure to resume soon and the $0.01000 key level in the upper resistance area might be reached in its lower time frame.
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