Lucky Block Price Prediction- January 18
There is an opportunity to buy the LBLOCKUSD pair as the price is going up at the moment. However, the price will move higher above the current resistance level, if buyers should exert more force into the price action in the market, the $0.0002269 high trend line might be retested. Thus a clear buy signal for the coin holders.
Key Levels:
Resistance levels: $0.0002600, $0.0002700, $0.0002800
Support levels: $0.0001800, $0.0001700, $0.0001600
LBLOCKUSD Long-term Trend: Bullish (1H Chart)
LBLOCKUSD is in a bullish trend market in its long-term view. It seems that the bulls are about to take over and push us higher. There are multiple possible targets at this point, but either way, the pair looks quite bullish here.
The bulls’ pressure on the cryptocurrency to the $0.0001774 resistance level in the previous action has made it possible for it to retain its upward growth.
An increase to the $0.0001756 high level above the EMA-9 approaching the overhead resistance as the 1-hourly chart opens today indicates that the traders are actively buying at this level.
This current trend will enable the price to remain on the upside and rise or break out to the upside. This however creates a vital area of interest for buyers.
Hence, the market is pointing up in the oversold; this will quicken the emergence of more buyers to move the price of Lucky Block up to a significant level on the upside and this might hit the $0.02000 supply trend mark, thus registering a buy signal for the coin traders as the market remain strongly bullish soon in its higher time frame.
LBLOCKUSD Short-term Trend: Bullish (15-Minute Chart)
The coin also trades in a bullish trend market in the short-term outlook. This is due to the high impact of long-term traders on the price flow.
The sustained bullish pressure to the $0.0001774 high level in the previous action led to the recent coin high.
The cryptocurrency has completed its correction and is now set for upward momentum. The bulls have decided to shift the trend up after a series of lows shortly after today’s 15-minute chart opens. The current price at the $0.0001757 resistance level suggests the returns of the buy traders in the market. The market participants are responding to this pattern, and its breakout should offer a good buy entry opportunity.
Hence, the pair pointing up on the daily stochastic means that the buying pressure may continue, and suggests a possible recovery of the $0.02000 supply level in the coming days in the lower time frame.
You can purchase Lucky Block here. Buy LBLOCK
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