Lucky Block Price Prediction – August 6
Amidst the market downturn, LBLOCKUSD‘s price is increasing and attempting to make a balance at the upsides as buyers found suitable support at the $0.0000183 psychological level to resume its bullish race. The cryptocurrency is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, and the price closes above the $0.0000885 previous supply trend line, a possible increase in market engagement to a $0.0001200 high value might be achieved, triggering the buying opportunity for traders.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000150, $0.0000130, $0.0000120
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price is increasing, and it is attempting to strike a balance as buyers remain focused on future trends in its long-term time frame. The bulls are also trying and will not allow the support level to stay. The coin price is going to the resistance area to invalidate the current bearishness.
The sustained bearish pressure to a $0.0000163 low level in the past session has slowed down the Lucky Block price in its recent price level. However, the crypto price is increasing, attempting to make a balance as the bulls resume their rising correction pattern.
At the time of writing today, the buy traders corrected the $0.0000183 supply mark below the EMA-50, as the daily chart resumes. It’s next uptrend. The current price level however shows an intraday gain.
With this upcoming buying pressure, the price may retest the previous trend line at a $0.0000885 high level for another breakup attempt, as the LBLOCKUSD price keeps increasing, attempting to make a balance at the upper channel.
Additionally, the new correction phase will keep increasing as the price indicator projects an uptrend, which means that the Lucky Block price will still rise and the $0.0001200 supply mark might be the target in the days as the crypto attempts to make a balance in the upsides on the higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4HChart)
The LBLOCK buyers are attempting to make a balance at the upsides as the coin price moves or stays slightly below the EMA-50 in the medium-term outlook, suggesting a bearish trend.
The high momentum by the bears to a $0.0000162 low mark in the previous session is the cause of its bearishness in its recent high.
The price action of Lucky Block which increases from the $0.0000163 level to the $0.0000183 resistance level slightly below the moving averages, affirms the coin price is increasing, attempting to make a balance at the upside.
Nevertheless, traders might seize this opportunity to invest in the coin at a lower rate, for a prolonged increase in the market buying volume.
Thus, if the bulls’ pressure could touch the $0.0000218 high level, the potential rally may attempt to make a balance at a psychological level at the upside, suggesting investors’ confidence to boost the potential rally.
In addition, continuation to the upside is sure as the buy investors are shown clustering around the market at the moment by the daily stochastic. With this trend, the lucky Block price might reach the key level at the $0.0001200 supply trend mark and beyond as soon as the price increases, attempting to make a balance at the upside in its medium-term outlook.
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