Lucky Block Price Prediction- November 21
The Lucky Block price is on the verge of reversal as it is about completing the dip-low movement and could be ready for the next bull run soon. The coin price might rebound and turn upside as the market is oversold. Hence, if all the current support holds and the bulls should push higher, the price breakout may test the previous high at a $0.0000398 high value, and this may likely hit the $0.0000800 supply trend line, indicating a potential bullish continuation.
Key Levels:
Resistance levels: $0.0000200, $0.0000201, $0.0000202
Support levels: $0.0000160, $0.0000159, $0.0000158
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD price is on the verge of reversal as the selling pressure is at the oversold region, and the coin price stays in a bearish trend in its long-term view. The price is below the EMA-50, indicating a downward momentum.
The high bearish pressure on the crypto to a $0.0000164 support level in the past few days has dropped the coin price below the resistance levels in its recent low.
The Lucky Block price plummeted beneath the supply levels at the $0.0000181 support level as the daily chart resumes today, indicating that the coin price is on the verge of reversal.
Nevertheless, today’s price drop has still not stalled the bull run. Traders might seize this opportunity to invest in the coin at a lower rate and move the market forward for more gains.
Thus, if buyers eventually wrestle trend control from sellers and rebound from $0.0000181 support, a positive breakout above the current support is needed to confirm the potential Bull Run.
Further, the LBLOCKUSD market has fallen to the oversold region of the daily stochastic, implying that the selling pressure is likely to end soon. In light of this, buyers would be compelled to resume sooner, and the bullish corrective pattern may extend to the $0.0000800 high mark sooner in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The LBLOCKUSD market structure depicts the price is on the verge of reversal as it remains bearish on the medium-term outlook. The price is below the EMA-50, highlighting a bearish scenario.
The high order flow from the bears to the $0.0000184 support value in the previous session also added to its bearishness. However, the coin price is on the verge of reversal and could be ready to surge soon as the markets approach the oversold region.
As the 4-hourly chart begins today, bearish actions sent the Lucky Block price lower to a $0.0000181 support level below the EMA-50. However, with high buying pressure and increased investors’ interest, the crypto price may rebound at the mentioned support to hit the $0.0000330 prior barrier and set the potential for a higher recovery.
Notably, the LBLOCKUSD pair is approaching the oversold region of the daily stochastic, indicating that the pair is on the verge of reversal.
As a result, the selling pressure is likely to end soon. We will now be looking into the emergence of buyers in the oversold region of the market, and the price could pump or surge upsides to hit the $0.0000800 resistance value in the coming days in its medium-term outlook.
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