Lucky Block Price Prediction – October 28
LBLOCKUSD‘s price at the moment is well on its way to the upper resistance zone as the price surges above the $0.0000307 resistance level. The price is going up and an opportunity for the coin buyers to invest. Hence, the coin price will move higher above the current resistance level, if buyers should exert more force into the price action in the market, the $0.0001602 high trend line might be retested which might possibly lead the coin price to the $0.001000 upper supply trend level and beyond. Thus a turnaround and a clear buy signal for the coin buyers.
Levels:
Resistance levels: $0.0001300, $0.0001400, $0.0001500
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD price seems to have pullback a little but the overall trend is still bearish in its long-term outlook. Further, the price is trading below the EMA-50; which means that it’s in a bearish market zone at the moment. Thus, we have spotted the coin price going up steadily below the support level indicating a new correction pattern.
The sustained bearish pressure during yesterday’s session has made the coin price remain below the supply trend levels in its recent high mark.
A rise to a $0.0000337 high level below the EMA-50 by the bulls shortly after the daily chart opens today affirms the returns of the long traders into the market as the price surges above the $0.0000307 level.
Thus, the price of Lucky Block is set to advance further if the bulls can redouble their efforts and push above the current supply level. Hence, should the bulls increase their buying motives, the previous high of $0.0001602 value might be retested soon.
In addition, the market is pointing up on the daily stochastic; this will quicken the emergence of more buyers to move the price up to a significant level at the upside and this might hit the $0.001000 supply trend mark as the Lucky Block price surges above the $0.0000307 high value in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD pair remains in the bullish market zone in its medium-term view. The market price going up and staying above the resistance trend line confirms its bullishness and the high impact of the bulls.
The high bulls’ pressure on the currency pair in the past few hours has made it possible for the price to remain in an upward trend zone in its recent price level.
The momentum remains in an uptrend despite the push from the short traders, the bulls made a touch at the $0.0000307 high mark above the EMA-50 as the 4-hour chart resumes today. This trend pattern proves the impact of bullishness on the LBLOCKUSD market.
Thus, closing the 4-hour session above the current trading level will put the trade more on the buy side, which would be an added advantage to buying the coin for interested traders.
In addition, the momentum indicator shows that the price of Lucky Block will continue going up, so we expect the price distribution to reach the $0.001000 supply level and beyond in the coming days in its medium-term outlook.
You can purchase Lucky Block here. Buy LBLOCK
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