Lucky Block Price Prediction- April 7
There is a possibility for the LBLOCKUSD pair to retest its previous high of $0.0003429 high value soon as the coin is now making a correction to the upside at the moment. If the forces from buyers in the market should increase and the current support level at $0.0001850 holds, the coin price may possibly rise further to retest the $0.0003429 previous high and beyond.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001500, $0.0001400, $0.0001300
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The Lucky Block price is in a bearish trend in its long-term view. The bears are now involved in the order flow, but it seems that the bulls are about to take over and push us higher. The sustained bearish pressure at the $0.0001920 support value during the previous action has made the crypto’s price stay below the supply trend line in its recent high.
Hence, after completing the lows, the coin price has moved up to a $0.0001867 high level below the two EMAs as a pullback from the bulls as the 4-hourly chart resumes today. This is a result of more concerns from the buy investors.
Thus, should the bulls change their orientation and push higher the coin price may likely increase further to retest the $0.000349 high mark.
Meanwhile, the LBLOCKUSD price is pointing up below the 20% range of the daily stochastic, this will compel more bulls to cluster around the market to resume the next upward move, and with this upcoming bullish trend, the price may jump up to revisit the $0.0003429 level which might possibly lead the coin price to the $0.02000 upper resistance trend level in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
The price of LBLOCKUSD is in a bearish move in its medium-term outlook. The prices are seen slightly below the moving averages, this is due to the brief returns of sellers which may soon fade off.
The cryptocurrency has been interfering with the sell traders in the previous action and has dropped the price below the supply levels in its recent high.
Right now the coin price is currently trading at the resistance level of $0.0001862 slightly below the two EMAs; this assures or confirms the bull’s gradual return to the market. The longer the price stays above the mentioned level, the more pressure builds up to reach a key significant level at the upside.
In addition, further upsides are likely as the market is in an upward direction in the oversold region. This will compel more buyers to return to the market and resume the upward rally, in light of this, the bulls may likely push the Lucky Block price to revisit the $0.0003429 supply level and beyond soon in the medium-term time frame.
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