Lucky Block Price Prediction- April 13
Lucky Block price is heading towards the $0.02000 supply level as the coin is now facing the ascending channel. The coin is hovering above the resistance level at $0.0001956; if the bulls increase their strength and the price closes above the $0.0003429 level, a further bearish thesis would be stopped resulting in a turnaround for LBLOCKUSD buyers.
Levels:
Resistance levels: $0.002500, $0.002600, $0.002700
Support levels: $0.001850, $0.001750, $0.001650
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
Lucky Block market is in a bullish market zone in its higher time frame as can be seen from the above chart. The price is currently recovering and trades above the two EMAs. This price pattern is quite well known for trend reversal and may assist the LBLOCKUSD buyers in resuming the prior recovery.
The bullish pressure to the $0.0002019 high value in the previous action has made the coin price stay above the trend levels in its recent high.
The buy traders pushed the price of LBLOCKUSD up to a $0.0001956 high level above the moving averages as the 4-hourly session opens today. Thus, a possible breakout from the $0.0002890 neckline will accelerate the buying momentum and push the prices higher to hit the 0.0003429 previous resistance levels.
In addition to that, the market is in an upward direction, which implies that a further downward pull is uncertain. Thus, if additional selling power is prevented, a post-retest rally may drive the prices high toward the $0.02000 resistance level in the coming days in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
LBLOCKUSD is having a bullish posture in its medium-term outlook. The price bar can be sighted above the two EMAs which are glued together, indicating an uptrend. However, the market is presently facing resistance at the recent high.
The Lucky Block price earlier today, swing up to a $0.0001939 high level above the moving averages, which gave the coin the tendency to rise further.
The currency pair may likely extend up to the $0.0002158 previous supply value provided the buy traders add more strength to their buying pressure.
Adding to that, the price will continue to push higher as indicated by the momentum indicator pointing upwards; this suggests that the price of Lucky Block might possibly continue in the bullish trend and this might possibly hit the $0.02000 upper resistance level in the coming days in its medium-term outlook.
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