Lucky Block Price Prediction – May 1
The LBLOCKUSD price is set to rise further which is another opportunity to buy soon. The coin price at this point is on its way to the critical supply level. If more aggression is put on the buying activities and all the support levels holds in place, then continuity to the upside is ensured and this may lead to the $0.0001200 upper resistance level.
Key Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair is set to rise further as the coin price now faces resistance levels with bearish sentiment in its long-term perspective. The coin price can be seen below the EMA-50, due to the high order flows from the buy traders.
The sustained bearish pressure to a $0.0000312 low mark during yesterday’s session is responsible for its bearishness in today’s market action.
The pullback by the bulls to the $0.0000318 supply mark below the moving average-50 today, indicates the price of Lucky Block is set to rise further.
However, the currency pair could grow further if the bulls could put a hold on the current support at $0.0000312 and rise further above the $0.0000940 previous high level, maintaining a further growth potential for the buy traders.
Adding to that, more upsides are expected as the Lucky Block market is also pointing up in the oversold region of the daily stochastic; this means that the selling pressure has ended and the bulls are now set to rise further and in this case, the $0.0001200 supply level might be the target soon on the higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD is slightly bullish and also set to rise further in the medium-term outlook. The coin price is now seen slightly above the EMA-50, indicating a bullish trend.
The sustained bullish pressure at the $0.0000328 high level in the last few hours has made the coin price set to rise further in its recent high.
Now, the coin price at the $0.0000317 resistance value, above the moving averages is an indication that buyers are gradually returning to the market and are set to rise further. Thus, a break above the $0.0000450 supply mark will put further selling pressure into hibernation.
In addition to this, the Lucky Block price is pointing upward on the daily stochastic, indicating an upward move. This suggests that the crypto price is set to rise further, we therefore expect a breakup of $0.0000450 supply level and growth of the price to the resistance of $0.0001200 value in the nearby days in its medium time frame.
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