Lucky Block Price Prediction- April 3
The market price of LBLOCKUSD might touch the $0.0000940 previous highest accumulation zone soon as the bulls have just commenced their bullish rally. Cryptocurrency is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the bulls might drive the price action of the token to touch the key significant level at the upside and this could be the $0.0001200 higher resistance value.
Key Levels:
Resistance levels: $0.0000600, $0.0000700, $0.0000800
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD might touch the upper channel soon as a new bullish correction can be sighted below the supply level in its long-term outlook. The coin is trading below the EMA line. However, the market is presently facing resistance at the recent high.
The coin has been below the supply level in recent times due to the persistent bearish pressure on the crypto. However, the coin, having completed its bearish moves might touch the key resistance level at the upside.
The pullback at the $0.0000300 resistance level below the supply levels as the daily chart opens today, suggests the returns of the buy traders into the market. The market participants are responding to this pattern, and its breakout should offer a good entry opportunity to the coin buyers.
Hence, with the price of Lucky Block pointing upwards on the daily stochastic, this will enable the pair to continue the upside moves and this might touch the $0.0000940 high level and may likely hit the $0.0001200 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Lucky Block is possibly making its way up to overcome selling pressure to signal a pump-up. The coin uptick trend might touch the upper channel soon based on the outlook in its medium-term perspective.
The sustained bearish pressure on the coin to the $0.0000281 support level in the past session has dropped the price below the resistance trend levels in its recent price level.
At the time of writing, the price movement which rises from $0.0000289 to a $0.0000300 supply level shortly after the 4-hourly session opens today suggests that the coin price might touch the $0.0000940 high value soon.
However, the currency pair could grow further and touch the above-mentioned resistance point, if the bulls could break up the $0.0000579 previous high level, maintaining a further growth potential for the buy traders.
Adding to that, the LBLOCKUSD pair is pointing up on the daily stochastic. This means that the buying pressure may continue, and suggests a possible touch at the $0.0000940 supply level in the coming days in the medium-term time frame.
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