Lucky Block Price Prediction – August 19
The market value of LBLOCKUSD is presently facing high buying pressure at the current supply of $0.0001602 mark. The crypto is showing positive signs above the $ 0.0000913 supply value. If the coin holders could prove stronger and the price offers sustainability above the $0.0003429 previous high value, its upside moves could extend further to reach a $0.02000 high level and beyond, which would attract buyers to prevent further decline.
Key Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000800, $0.0000700, $0.0000600
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
Analyzing the chart above, we can see that LBLOCKUSD is in a bullish market zone. The price currently trades above the two EMAs. This means that the coin is in an uptrend.
During yesterday’s session, the pair made it to a $0.0000934 high point and has enabled the coin price above the supply trend lines in its recent high.
The buying team continues with the journey up north and made a corrective move to a high at the $0.0001602 mark above the supply trend levels as the daily chart opens today. This shows the high impact of the buy investors on the Lucky Block market; likewise, the downside risk remained uncertain.
Furthermore, should buyers trigger their buying actions and breakout above the $0.0003429 previous resistance level and close a daily candle, such a breakthrough would provide an opportunity for buyers to regain control and potentially drive the price toward the upper resistance trend level, at this moment putting a stop on any bearish intentions.
Additionally, the LBLOCKUSD will continue to face high buying pressure as indicated by the momentum indicator pointing in an upward direction, the long traders could therefore aim at a psychological level of $0.02000 resistance value in the days ahead as the crypto maintains its bullish race in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The high bullish impact on the LBLOCKUSD market has made it also trade in a bullish trend market in the medium-term outlook. This shows that buyers are currently gaining more strength in the market.
The interaction of the buy investors to a $0.0000915 value during the previous action has led the crypto price above the supply levels in its recent high.
Today, the long investors made an upward move to a $0.0001602 high value above the supply trend levels as the 4-hourly chart opens. The Lucky Block price looks promising as the bulls remain dominant in the market at the moment.
If the bulls should increase their price action, and the coin continues to face a high buying pressure above the current high mark, further bearish sentiment will be hibernated.
Additionally, the daily stochastic remains in an upward direction. Hence, if the coin buyers manage to break above the current supply level, the market participants may witness a new recovery rally and this may likely reach the $0.02000 high mark in the days ahead in its medium-term time frame.
This signals a BUY trade again as the crypto continues to face high buying pressure in its medium-term outlook time frame.
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