Lucky Block Price Prediction – January 3
Lucky Block‘s price may continue rising as the coin is well on its way to the overhead resistance trend levels. The recent market structure points to a rise shortly. The crypto is making positive moves and looks promising at the $0.0000516 resistance value. The crypto can swing up further and test the supply level of $0.00001602. Should the bulls increase their pressure, the resistance level of $0.0000516 may not hold and it may extend to a $0.0002000 high level and beyond
Levels:
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD indicates an upward trend with a bullish sentiment in its long-term perspective. The coin price may continue rising as the market is presently facing overhead resistance at the recent high.
The previous action at the $0.0000505 high level during yesterday’s session has sustained the coin price to remain above the trend line in its recent high.
As the daily session begins today, the bulls’ action raises the price of Lucky Block to the $0.0000516 resistance level above the supply trend levels. Hence, the coin may continue rising if the bulls can add extra energy to their buying forces in the market.
Thus, a break above the $0.00001602 previous high point would increase buying pressure on the cryptocurrency.
Furthermore, if coin buyers can maintain their position above the $0.00001602 high mark and close a candle, closing above the mentioned resistance will indicate a potential BUY. As a result, in the price of LBLOCKUSD may continue rising to hit the $0.0002000 resistance level soon in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
On the medium-term outlook, the LBLOCKUSD pair is in a resistance zone. Firstly, the crypto has just broken above the moving averages which indicates a possible rise of the pair. Meanwhile, the coin price has begun its rising pattern and may continue rising.
During yesterday’s session, the bulls were able to push the coin price up to the $0.0000505 resistance value, causing the price to remain in the green and poised for an upward performance in its recent high.
The market price of Lucky Block is currently trading at the $0.0000516 supply level above the moving average lines. This means that the bulls are in control of the market at the moment.
Hence, the daily signal indicates an uptrend, which means that the price of LBLOCKUSD may continue rising. Should the bulls push higher and close above the $0.0000970 high mark; a post-retest rally may drive the prices high to hit the $0.0002000 resistance trend levels in the days ahead in its medium-term perspective.
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