Lucky Block Price Prediction – October 21
The Lucky Block price at the moment is preparing for an uphill rally and the price could be ready very soon for another upward move potential and a swift increase is expected to follow soon. If buyers could prove stronger and increase their buying motives, the coin price may possibly push higher to retest the $0.0002000 previous high and beyond. Hence, it is a great opportunity and a clear buy signal for long-term investors.
Levels:
Resistance levels: $0.0001900, $0.0002000, $0.0002100
Support levels: $0.0000300, $0.0000250, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Lucky Block is in a bearish trend market zone in its long-term outlook. This is due to the inflow from the sell traders. Further, the coin is preparing for an uphill rally as we can see a rising pattern below the support level at the moment.
The sustained pressure from the bears at the $0.0000231 support level during yesterday’s session has contributed to its bearishness in its recent low. We have also spotted a breakout and the start of a continuation to the upside in preparation for an uphill rally.
As of now, the LBLOCKUSD price made a pullback at the $0.0000253 value which further increases to the $0.0000255 supply value below the EMA-50 as a correction phase with intraday gains.
Such lower price rejection indicates that buyers are defending this level and attempting to push the price higher. Hence, a strong push above the $0.0002000 supply level will offer strong resistance to the crypto price.
Additionally, Lucky Block is showing more upside possibilities by pointing up in the oversold region of the daily stochastic. So, we can certainly expect more strength from the coin and this may likely get to a $0.001000 upper resistance mark in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
LBLOCKUSD rebounded after its downside moves. The coin is now preparing for an uphill rally in its medium-term time frame. The market shows that the price may now be trading in a new ascending channel.
The interference of the bears at the $0.0000231 support level in the previous action has made the crypto price trade below the supply trend level in its recent low.
Buyers’ correction at the $0.000255 resistance level below the EMA-50 as the 4-hour chart opens today suggests the return of long traders to resume the uphill rally. Thus, an increase in buying pressure and a break above the $0.0000510 supply value would intensify the buying pressure on the crypto.
Next, is the fact the Lucky Block market is oversold already and the coin buyers are preparing for an uphill rally at the moment.
This will draw the buy traders more to the market, if that occurs the price could further climb toward a $0.001000 upper high level and this will add to the bullish race in the future in its medium-term outlook.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply