Lucky Block Price Prediction- January 19
The LBLOCKUSD price is in a downward trend and it’s on the verge of a bullish crossover. The coin is pulling back to resistance in the short term after updating lows. If the short traders reduce their tension and the bullish correction closes above the $0.000295 supply mark, the price may retrace to a higher resistance zone at the $0.01000 value and beyond.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0002000, $0.0001999, $0.0001899
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The LBLOCKUSD market is trading in a downtrend. The chart shows how the price tried to break this price channel with a bullish break, now a false break. The price is trading below the supply trend lines due to the interaction from the sell traders in the previous action.
The bulls also hindering the coin price from being smashed by the bears made a ride to the $0.0001769 supply level after which sellers dropped the price down to the $0.0001731 support mark below the supply levels as the 1-hourly chart opens today. This is an opportunity for the buy traders to buy at a lower price.
Meanwhile, there is a possibility of a bullish breakout as the Lucky Block market price now approaches the oversold region, if the bulls should add more efforts to their tension in the market, the next target could be the $0.01000 supply mark in the long-term perspective.
LBLOCKUSD is-term Trend: Bearish (15-Minute Chart)
LBLOCKUSD is bearish in the short-term perspective. The price bars are below the moving averages, this means that the pair is in a bearish market zone. The order flow from the bears in the past few minutes has dropped the coin price below the resistance levels.
However, the bulls made a corrective move to the $0.0001731 high mark below the two EMAs as the 15-minutes chart opens today. However, there is likely to be a steady increase as the coin is set for a bullish pattern rally.
Furthermore, the price of Lucky Block is pointing up in the oversold region of the stochastic, this suggests that the selling pressure has ended and the cryptocurrency is set to challenge any bearish sign. It is therefore expected of buyers to push the price up and this might reach the $0.01000 high level and beyond as we cross our fingers and watch out for BUY soon in its lower time frame.
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