Lucky Block Price Prediction – April 19
LBLOCKUSD is undergoing a notable drop at the moment. Meanwhile, the coin price could see another bullish rally soon if the current support holds in place. If the bulls should push harder and exchange hands with the bears at the $0.0000257 current support, the price may likely reverse in a bullish direction and may perhaps retest the previous high of $0.0000940 which might expose the crypto price to the $0.0001200 upper high level and beyond.
Levels:
Resistance levels: $0.0000450, $0.0000400, $0.0000350
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD price could see another bullish rally soon as we can see a bearish posture on the daily chart. The coin is trading below the resistance level which means the crypto is in a bearish market zone.
The sustained pressure from the bears at the $0.0000267 support level during yesterday’s session has contributed to its bearishness in its recent low. However, the coin could see another bullish trend soon as the market is oversold already.
At the time of writing today, the bears however made a drop to the $0.0000257 support level below the moving averages; this is an indication of a bearish momentum in the context of the strength of the coin.
The bears are dictating the market conditions at present. Hence, traders who buy the altcoin during the bearish market will also make gains in the future.
Hence, should the bulls put additional efforts into their buying motives; the price of Lucky Block could see another bullish rally to retest the previous high of $0.0000940 value.
Further, LBLOCKUSD is likely going to reverse and face the upsides as the market is now trading in the oversold region around the 15% range of the daily stochastic; it means that the selling pressure will end soon.
The coin is now expected to see another uptrend rally soon and may likely break up the previous high-value supply level to hit the $0.0001200 upper resistance in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The bears have benefited from the recent market structure. The Lucky Block price could see another uptrend rally soon according to the medium-term chart below. The coin prices are below the supply level which suggests its bearishness.
The bearish candle at the $0.0000262 low value during the previous action has made the coin price trade below the supply levels in recent times. Thus, the crypto is about to see another uptrend to wade off the bearish thesis.
The price action drops rebounded to the $0.0000258 supply level as the 4-hourly chart opens today. This implies that the LBLOCKUSD price could see another uptrend rally soon and an opportunity to buy is nearer. Traders can also pick up the coin at a lower price now to boost the recovery rally for greater gains ahead.
Notably, the Lucky Block price could see another uptrend rally soon as the market is already oversold. If this is achieved by the long-term investors, the recovery rally may reach the $0.0001200 upper high value in the coming days in its medium-term perspective.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply