Lucky Block Price Prediction- March 27
The LBLOCKUSD pair is possibly making its way up after hitting the $0.0001491 low level to signal a pump. Thus, a strong push from the current price at the $0.0001534 supply value above the $0.0003429 high mark will put the crypto in a bullish trend and this may further extend the price to a $0.02000 resistance level resulting in intraday gains for buy traders
Levels:
Resistance levels: $0.0001700, $0.0001800, $0.0001900
Support levels: $0.0001200, $0.0001100, $0.0001000
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
LBLOCKUSD price can be seen slightly below the moving averages in the long-term outlook, this means that the pair is in a bearish trend. The coin price seems to have pullback a little but the overall trend is still bearish.
The bears’ activities to the $0.0001443 support value during the previous activities have put the coin price below the supply trend level in its recent high.
As a result of price rejection at this level, there was an immediate reversal. Buyers pushed the price higher to the $0.0001534 resistance level below the two EMAs as the 4-hourly chart opens today. This will allow buyers to have some influence over the price trends. Therefore, a break above the high point of $0.0003429 level would increase the buying pressure on the cryptocurrency.
Hence, the momentum indicator is currently pointing upward in the oversold area, as a result of this, the current correction phase is likely to continue and we can now anticipate that the coin price will retest the previous high of $0.0003429 level soon as the bulls continue with their bullish correction and continue to be dominant in its long-term outlook. As a result, the current correction phase is likely to continue.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
The high inflows from the buy traders now made the LBLOCKUSD price trades in the bullish trend zone in its medium-term outlook.
The high inflow from the bulls to the $0.0001540 supply value in the past few hours has enhanced the crypto price above the supply trend level in its recent high.
After a series of moves by sellers to a low of $0.0001516 level, the bulls successfully pulled back and moved the coin price up to the $0.0001534 supply mark slightly above the EMA-9 as the 1- hourly chart opens today. This affirms the bullish impact on crypto. Should the bulls add more effort to their buying motives in the market; further selling pressure will be hibernated.
Meanwhile, further upsides are likely as the price signal remains in an upward direction, this means that the upward rally will still continue and may likely break up the $0.0003429 resistance value and this may reach the $0.02000 supply value soon in the medium-term time frame.
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