Lucky Block Price Prediction – November 26
The LBLOCKUSD price could see another reversal as the bulls prepare for the next jump. The selling pressure is about to subside, and the price could swing for a potential upward movement. The coin price may likely reverse for another probable upward surge. The price may retrace to retest the previous high of $0.0000398 and even further, if buyers can demonstrate their strength and trade hands with sellers at the current support level of $0.0000152. Then, we can expect a shift in trend to reach a $0.0001200 upper resistance level, indicating increased investors’ confidence in the asset.
Levels:
Resistance levels: $0.0000153, $0.0000154, $0.0000155
Support levels: $0.0000145, $0.0000143, $0.0000141
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block market has a bearish posture and the price could see another reversal soon as the selling pressure is about to end in its long-term outlook. The coin price is below the supply levels due to the inflow from the sell traders.
The bears’ sustained pressure at the $0.0000154 support level during yesterday’s session contributed to its bearishness at its recent low.
Today, the bears dropped to a $0.0000153 support level below the moving averages as the daily chart resumes. Meanwhile, the LBLOCKUSD price could see another reversal soon as the selling pressure seems to have been exhausted. Given the current trend, buyers can purchase the item at a lower cost and push the market higher.
Thus, if buyers eventually wrestle trend control from sellers and rebound from $0.0000153 support, a positive breakout above the $0.0000398 supply value is needed to confirm the potential reversal.
Meanwhile, further downsides are unlikely as the market price of LBLOCKUSD suggests an uptrend on the daily signal. Therefore, we can now grow in confidence that a potential buy is coming near.
In light of this, the LBLOCKUSD price could see another reversal to hit the $0.0001200 resistance level in the coming days, indicating a strong supply zone for a potential BUY in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The LBLOCKUSD price could see another reversal to the upsides. The crypto price seems to have pulled back a little but the overall trend is still bearish in its medium-term outlook.
Further, the price is trading below the EMA line due to the high impact from the short-term traders in the price flow, indicating a bearish market.
The high order flow from the bears to the $0.0000152 support value in the last session also added to its bearishness. However, the Lucky Block price could see another reversal soon as the market is oversold.
The $0.0000153 price level served as a solid resistance for the coin price as a pullback below the EMA-50 as the 4-hourly session resumes today. Because there is currently a bullish correction in place, the bulls will likely continue climbing.
Similar to how the daily stochastic is pointing upward in the oversold area of the daily signal, the LBLOCKUSD price is likely to continue moving north, indicating that there is no longer any selling pressure, and we can anticipate the forthcoming bullish correction phase to quickly achieve a high of $0.0001200 in its medium-term time frame.
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