Lucky Block Price Prediction- February 8
The LBLOCKUSD price is negotiating the upper resistance level as the coin is currently recovering and also remains firm above the supply levels. The crypto might remain in that direction if the bulls could add more effort and the price closes above the $0.000294 supply level, the coin might further extend to a $0.02000 upper high level and beyond.
Levels:
Resistance levels: $0.0002300, $0.0002400, $0.0002500
Support levels: $0.0001800, $0.0001700, $0.0001600
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
Lucky Block‘s price is in a bullish market at the moment. Further, the coin is trading above the moving averages making higher highs and moving toward the upper resistance area.
The sustained bullish pressure pushed the currency pair up to the $0.0001661 supply level during yesterday’s session and sustained it. This has made it capable for the coin to remain firm in an uptrend.
The buy traders made a strong push from the $0.0001786 value to the $0.0001806 resistance level above the moving averages as the 4-hourly chart opens today which indicates an intraday growth and more gains for buyers.
Next, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. It is expected buyers to push the price of LBLOCKUSD further up to a significant level and in this case, the target might be the $0.02000 upper resistance level in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
LBLOCKUSD is showing a more bullish impact in its medium-term outlook. The bulls are having the market at their disposal at the moment. However, a high retest to the breached $0.0001786 supply suggests strength in bullish momentum.
The bulls made an aggressive move up to the $0.0001805 resistance level above the two EMAs shortly after the 1-hourly chart opened today. This however makes it capable for the coin to rise further.
Trading above the moving averages will enable the market value of Lucky Block to keep pushing up. Therefore, if the bulls should add more aggression to their activities in the market, the $0.02000 resistance level might be reached soon in its medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply