Lucky Block Price Prediction- April 22
The Lucky Block (LBLOCKUSD) price could see another uphill trend soon. The coin price may likely continue and remain in a bullish direction, and it may soon be prepared for another probable upward surge. The coin price may perhaps retrace to retest the previous high of $0. 0002890 and even surpass it if buyers can demonstrate their strength and trade hands with sellers at the current support level of $0.0001881.
Key Levels:
Resistance levels: $0.0002400, $0.0002500, $0.0002600
Support levels: $0.0001900, $0.0001800, $0.0001700
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
LBLOCKUSD market has a bearish posture in its long-term outlook as can be seen from the chart above. This is due to the inflow from the sell traders.
The sustained pressure from the bears at the $0.0001772 support level during yesterday’s session has contributed to its bearishness in its recent low.
Today, after completing the low dips at the $0.0001881 low value, the bulls made a corrective move to a $0.0001996 supply level below the moving averages. Given the current trend, buyers are able to purchase the coin at a lower cost and push the market higher. Thus, the price tendency will climb over the crucial levels if the bulls raise their level of market tension.
Further, Lucky Block is likely going to continue in an uptrend move and face the upsides as the market is now trading and pointing upward around the 22% range of the daily stochastic; it means that the selling pressure is exhausted. This will compel the buy traders to resume an uptrend and may likely break up the $0.0002890 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
According to the chart below, the medium-term outlook for the Lucky Block market is in a bearish trend zone. It also indicates the impending next significant price shift. The bulls have benefited from the recent market structure.
The $0.0001926 price level served as a solid resistance for the coin price as a pullback below the two EMAs as the 1-hourly session resumes today. Because there is currently a bullish correction in place, it is extremely likely that the bulls will 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. This indicates that there is no longer any selling pressure, and we can anticipate the forthcoming bullish correction phase to quickly achieve a high of $0.0002980 in its medium-term time frame.
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