Lucky Block Price Prediction- April 18
Amid the current sell-off in the market, the LBLOCKUSD price is close to a major breakout at $0.0000375 level. In case the bulls’ pressure breaks up the mentioned resistance level, the coin price may increase further to a $0.0000940 high trend line setting the stage for another upward move to the upper resistance line at $0.0001200, which will be a turnaround for the coin holders.
Key Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000250, $0.0000200, $0.0000150
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The price of Lucky Block is trading close to a major breakout and remains in a bearish zone in its long-term view.
The sustained pressure from sellers to a $0.0000251 support value in the past few days has made the coin price close to a major breakout below the supply levels in its recent price level.
However, the bulls prove stronger and move the price of LBLOCKUSD a bit up to a $0.0000375 high level slightly below the EMA-50 as the daily chart opens today. This indicates that the coin price is close to a major breakout which may challenge the $0.0000940 previous high if the bulls could add more weight to their buying forces in the market.
Next, the momentum indicator pointing upwards suggests the continuation of the bullish trend. In light of this, the price of LBLOCKUSD might hit the high of $0.0001200 value in the coming days as the coin price is close to a major breakout in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H chart)
On the medium-term outlook, the LBLOCKUSD looks bearish with the price very close to a major breakout. This is due to the order flow of the sell traders. The trend has just resumed its rising pattern but has not yet reached its goal.
The high order flow from the sell traders to a $0.0000249 low value in the previous session has made the coin price trade very close to a major break out lately.
Thus, the current price at the time of writing at the $0.0000264 high mark which is close to a major breakout shortly after the 4-hourly chart opens is a result of high commitment from the bulls. Should the bulls increase their momentum, the price of LBLOCKUSD might break out from its current supply to hit the previous high of $0.0000421 high value.
Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $0.0000421 previous high, the resulting rally may surpass the $0.000040 level and hit the $0.0001200 psychological level at the upside in the day ahead as the coin price moves very close to a major breakout in its medium-term perspective.
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