Lucky Block Price Prediction- July 20
Amid renewed market sentiment, the LBLOCKUSD price could increase further as the coin buyers’ concern appears optimistic. If buyers should aggressively increase their activities in the market, the post-break-out rally could increase the coin price to hit the $0.0001099 previous barrier level and target the $0.0001200 upper resistance level, to attract momentum buyers in the market.
Key Levels:
Resistance levels: $0.0000450, $0.0000500, $0.0000550
Support levels: $0.0000150, $0.0000100, $0.0000050
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is in a bearish trend market in its long-term view. The coin price is slightly below the EMA-50, confirming its bearishness.
Meanwhile, the coin price could increase further as the market remains upward on the daily stochastic. So, it seems that the bulls are about to take over and push us higher
The interference from the bears at the $0.0000171 low mark during the last session has made the Lucky Block price drop below the crucial level in its recent low.
Today, the price dropped to a $0.0000174 low mark below the moving average as the daily chart opens has not stale the bull run. Traders might seize this opportunity to invest in the coin at a lower rate, for more gains in the future.
Thus, if buyers eventually wrestled trend control from sellers and rebound from $0.0000174 support, the LBLOCKUSD price could increase further to break above the $0.0001099 resistance level to confirm the potential Bull Run.
Hence, the market is pointing up in the oversold; this will quicken the emergence of more buyers to move the price of Lucky Block up to a significant level on the upside and this might hit the $0.02000 supply trend mark, thus registering a buy signal for the coin traders as the market turns bullish soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD rebounded after its downside moves. The coin price could increase further as it is now finding its way to the overhead resistance level in its medium-term time frame.
The market shows that the price may now be trading in a new ascending channel. This is due to the high impact of long-term traders on the price flow. The sustained bullish pressure to the $0.0000188 high level in the previous action has led to the coin’s recent high.
The cryptocurrency has completed its correction and is now set for an upward momentum. The bulls have decided to shift the trend up after a series of lows shortly after today’s 4-hour chart opens.
The current price of Lucky Block at the $0.0000218 resistance level above the EMA-50, suggests the returns of the buy traders in the market. The market participants are responding to this pattern, and its breakout could increase further to offer a good buy entry opportunity.
Hence, the pair pointing up on the daily stochastic means that the buying pressure may continue, and could increase further to suggest a possible recovery of the $0.0001200 supply level in the coming days in the lower time frame.
You can purchase Lucky Block here. Buy LBLOCK
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