Lucky Block Price Prediction- March 8
LBLOCKUSD price next jump might be the $0.02000 resistance level as the crypto is in the right position to buy at the moment. However, the price could still go higher if the buying crew increases its forces in the market. $0.02000 in the upper high level might be reached.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001800, $0.0001700, $0.0001600
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
The LBLOCKUSD pair is trading in the bullish market zone. The price bar can be seen slightly above the two EMAs approaching the overhead resistance. This is due to the high impact of the buy investors. The high order flow from the bulls during yesterday’s session also added to this bullishness.
However, on the 4-hourly chart today, there is a broader recovery in the prices. The cryptocurrency jumped up to a $0.0001550 supply level above the moving averages as the bulls took to their stand to continue the bullish trend. Hence, staying above the EMAs indicates a strong possibility for a bullish correction. A strong breakup above the $0.0002024 resistance point would strengthen the bullish pressure.
Further, the coin price is pointing upwards on the daily stochastic, this suggests a shift in trend soon, and this forthcoming development may drive the price of Lucky Block to test the previous high at $0.0002024 and extend to the $0.02000 upper resistance trend line in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
The LBLOCKUSD pair is having a bullish posture as well in its medium-term outlook. This is due to the high impact of the buy traders on the order flow. Further, the price action can be seen above the two EMAs.
The bullish impact on the coin in the past few hours has made it capable for it to retain its uptrend in recent times.
The bulls actually hit the resistance level of $0.0001550 above the supply trend lines as the 1-hourly chart resumes today. However, the buy traders could not relent, as they aim to drag the price further to a significant level.
Thus, the Lucky Block market is pointing up on the momentum indicator, this indicates that the price of the crypto will still continue in an upward move and in this case $0.0200 supply level may be the target in its medium-term time frame.
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