Lucky Block Price Prediction- December 5
The Lucky Block price eyes a new resistance level as it moves close to the $0.0000298 supply level and has already increased significantly in the previous actions; obviously the bears are clearly losing control. The crypto may likely hit the previous high at $0.0000398 resistance level provided the current support level at $0.0000161 holds.
Levels:
Resistance levels: $0.0000181, $0.0000182, $0.0000183
Support levels: $0.0000160, $0.0000150, $0.0000140
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Despite the interference from sellers, the LBLOCKUSD price is moving close to the resistance barrier, suggesting a market retracement for higher gains in its long-term view. Price is trading below the supply trend lines, confirming its bearishness.
The sustained bearish pressure to the $0.0000161 support level in the previous session has propelled the crypto price below the EMA line in its recent high.
The bulls continued the journey up north today and moved the Lucky Block price close to the $0.0000298 at the $0.0000181 high mark as the daily session resumed. The price bars are close to the moving average line, indicating that bullish sentiment is about to return to the market; thus, a turnaround and more intraday gains for the coin buyers.
However, if the buy traders successfully keep the Lucky Block prices close to the $0.0000298 resistance level, a retest of the previous high at the $0.0000398 level is possible which may further extend the coin price to the $0.0001200 upper high level in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD’s price is progressing and moving close to $0.0000298 above the supply level in its medium-term perspective. Buyers are having the market at their disposal at the moment. The bullish pressure on the crypto in the past few hours has sustained its bullishness in its recent high.
Today, the bulls caused a rise to a $0.0000181 high level above the moving averages to resume its uptrend. From the look, it seems it will keep growing as the crypto price moves close to the $0.0000398 previous high barrier.
In addition, the Lucky Block price is pointing upward on the daily stochastic, indicating an upward move. We, therefore, expect a breakup of $0.0000298 and growth of the price close to the resistance of $0.0001200 value, in the near days in its medium-term time frame.
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