Lucky Block Price Prediction- October 15
After a series of low-dips moves, Lucky Block is set to move upside. The pair is increasing to the upsides and may likely continue with the trend, thus, the bullish pattern could extend to a $0.200 resistance trend line and beyond.
Key Levels:
Resistance levels: $0.0002100, $0.0002200, $0.0002300
Support levels: $0.0001800, $0.0001700, $0.0001600LBLOCKUSD Long-term Trend: Bullish (1H Chart)
LBLOCKUSD is in a bullish trend zone on the higher time frame. The buy traders are now involved in the order flow and the coin price bars can be seen above the moving averages glued together.
The bulls made a quick race from the $0.0001998 level to the $0.0002006 supply mark after which the short traders returned briefly and dropped the price of the crypto down to a low at the $0.0001944 level shortly after the 1-hourly chart opens today.
The buyers could not relent; the present correction at a $0.0001961 high mark above the two EMAs indicates that the bulls are coming into the market gradually to dominate soon. Therefore, the buyers need to add more strength to their market activities to rally to a significant level at the upside.
The momentum indicator at around level 45% in the oversold region shows that the selling pressure of LBLOCKUSD has reached bearish exhaustion. This means that the upward rally will continue and the price target might possibly be $0.0200 soon in the coming days in its long-term view.
LBLOCKUSD Medium-term Trend: Bullish (15-Minutes) The currency pair is trading in the bullish trend zone in its medium-term outlook. LBLOCKUSD market value at $0.0001956 high level above the EMA-9 as the 15-minute chart opens today affirms the presence of bulls coming into the market in a grand style.
However, the momentum indicator pointing upward at around level 42% in the oversold region suggests that the bulls are set to take the price action up to a significant level and this might reach the $0.0200 supply value and beyond as we watch the coin market turns bullish soon in the medium-term view.
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