Lucky Block Price Prediction – December 5
Amidst the recent upsurge, the Lucky Block market is rising and may soon trend above the $0.0001900 supply mark. If the coin price could sustain above the pattern supply trend line, the price may trigger up to the overhead resistance mark at the $0.001000 level, setting the stage for further gains.
Levels:
Resistance levels: $0.0000900, $0.0001000, $0.0001100
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is at the moment trading in the bearish trend market in the long-term outlook. The price currently trades below the EMA-50. However, the coin may trend above the supply levels as soon as we see a new correction phase. This breakout triggers a smooth bull cycle pattern, which in theory, should lead the prices to an overhead trend line.
The sustained pressure from the bears at the $0.0000271 support level in the past few days has contributed to its bearishness in its recent price level. However, the bulls are now set to increase the trend and may likely trend above mentioned supply sooner.
Earlier today the coin buyers responded to the market by correcting the $0.0000311 high level below the EMA-50; this is an indication that the bulls are returning gradually for an increase in the coin price and to command the Lucky Block’s price actions. This will give room for the buy investors to influence the price tendency.
Thus, the coin price may trend above the $0.0001900 previous supply mark if the bulls could add extra effort to their buying actions.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD now trades in a bullish trend market in the medium-term outlook. This is due to the high impact from the long-term traders in the price flow and may likely trend above the $0.0001900 supply level.
The bulls have sustained the crypto market at the $0.0000299 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger at the moment.
An increase to the $0.0000310 supply value above the moving average level as the 4-hour chart opens today, suggests the returns of the buy traders in the market. The market participants respond to this pattern, and its breakout should offer a good entry opportunity.
Because there is currently a bullish correction in place, the bulls likely will continue climbing and may trend above the $0.0000349 previous high barrier.
Additionally, the LBLOCKUSD price is likely to continue moving north as suggested by the daily signal pointing up. This indicates that there is no longer any selling pressure, and we can anticipate the forthcoming bullish correction phase to quickly achieve a high of $0.001000 level in its medium-term time frame.
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