Lucky Block Price Prediction – August 30
In response to the recent correction in the crypto market, Lucky Block‘s price is set to rise more as it showcased a massive recovery in the last few days which is another opportunity to buy. A potential upswing would get better confirmation of a bullish recovery if buyers could break above the August 17th high of $0.0001602 level. As a result, the post-breakout rally may surge the coin price higher by 15% to hit the $0.001000 mark.
Key Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The LBLOCKUSD pair on the daily chart is in a bullish trend. The coin price which is set to rise more can be seen above the two EMAs due to the high impact of buyers on the crypto.
The sustained bullish pressure pushed the currency pair up to the $0.0001662 supply level during yesterday’s session and sustained it.
Amid the recent growth in the crypto market, the Lucky Block buyers provided a bullish breakout to a $0.0001061 high mark above the supply trend lines as the daily chart opens today, paving the way for further recovery in the near future.
If the bullish momentum persists, a breakout above the accumulation zone of $0.0003429 level with a candle closing will signal a strong buy signal for interested traders.
Notably, the market price of LBLOCKUSD is pointing up in the oversold region; this means that the momentum in the coin price will likely remain and continue in an upward move.
Thus, the next jump might reach the $0.001000 upper resistance level in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD is in a bullish race in the medium-term outlook. The crypto price which is also set to rise more can be seen above the EMA-50 approaching the EMA-9, indicating an uptrend.
Buyers made an upward move to the $0.0001055 resistance level before the end of yesterday’s session. This gave buyers more strength to continue with the trend in its recent high.
The price of Lucky Block currently trades at a $0.0001060 high level above the EMA-50, initiating a fresh bull run. Thus, if the current retracement found suitable resistance near the $0.0001157 mark, buyers would drive the coin price higher to the 0.0001602 neckline for a potential breakout.
Additionally, continuation to the upside is likely as shown by the daily signal pointing up in the oversold region. In light of this, the price of LBLOCKUSD is likely to hit the $0.001000 upper high mark in the coming days in its medium-term outlook.
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