Lucky Block Price Prediction- January 29
LBLOCKUSD is about to resume its bullish race. The cryptocurrency is aiming at the above-mentioned resistance while trying hard not to fall heavily to the downside. The coin will still go further if the current support at $0.0000366 holds. Therefore, if the bulls could trigger their forces in the market, the next price target could be the $0.0001400 high level and beyond, resulting in a high profit for the coin holders.
Levels:
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is bearish in its long-term outlook. The price is now aiming at the $0.0001400 resistance level amidst the new correction move below the supply levels.
The cryptocurrency price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days. This is due to the high inflow from the sell traders which is about to be positive to the coin market participants.
After completing the low-dips at the $0.0000366 low value, the coin price aiming at the upper high level, found a reliable resistance at the $0.0000398 value as a pullback below the moving averages as the daily session resumes today.
Thus, a possible breakout from the $0.0000645 neckline will accelerate the buying momentum and push the prices higher to hit the 0.0001228 previous resistance levels. This will bolster more buying pressure on the crypto signals to accelerate the recovery sentiment to the upper resistance levels.
Similarly, the Lucky Block price may likely continue its journey up north as indicated by the daily stochastic which is pointing in an upward direction at the oversold region. This means that the selling pressure has ended; thus, the bulls’ aim at $0.0001400 could be achieved soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD price can be seen aiming at the upper high level on the 4-hour chart. The coin price which is below the EMA line has just begun its rising pattern.
The price drop to the $0.0000383 low value during the previous action has made the coin price trade below the supply levels in its recent high. This will soon be invalidated as the trend has just resumed its rising pattern but has not yet reached its goal.
Meanwhile, the aggressive move by the bulls up to the $0.0000398 resistance value below the moving average lines as the 4-hourly chart opens today suggests that buyers are coming in a grand style to dominate the market and sellers are getting weaker.
While aiming at the upper high mark by the bulls, a possible breakout from the $0.0000507 neckline will accelerate the buying momentum and push the prices higher to hit the 0.0000568 previous resistance levels.
Meanwhile, the Lucky Block price is aiming at the $0.0001400 upper resistance level amidst the new market surge as indicated by the daily stochastic pointing upwards. Hence, the mentioned target might be reached in the coming days from a medium-term perspective.
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