Lucky Block Price Prediction – May 3
Lucky Block‘s price is now preparing for an uptick trend after the completion of the low dips. The coin is getting set to resume its positive moves soon following the new rising pattern that has just started right now. The price is likely to push higher from the current supply level at $0.0000306 if the current support level at $0.0000293 holds; the price might increase to reach a high of $0.0001200 upper resistance level, resulting in an opportunity to buy the asset.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000250, $0.0000200, $0.0000150
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is in a bearish market zone and also preparing for an uptick trend in its long-term perspective. The price action which stays below the moving averages has confirmed its bearishness.
As an outcome of low bullish momentum, sellers are hindering the market from smashing through the resistance zones. However, this is running to an end at the moment as the bulls are taking their place right away preparing for an uptick trend.
The market has been slowed down due to the interaction from the bears to the $0.0000293 low value during yesterday’s session.
Today, the bulls made a pullback and caused a rise in the value of the Lucky Block market to the $0.0000306 supply level below the EMA-50 shortly after the commencement of the daily session. This implies that the coin price is preparing for an uptick trend.
Meanwhile, a further rise in the market price of the crypto to the $0.0001099 previous high level is possible, if the buy traders can trigger their buying pressure.
Meanwhile, further upside is likely as the market remains in an uptrend on the daily signal. Therefore, if all the support level holds in place, we could see the shift in the trend to a $0.0001200 supply level soon as the coin prepares for its uptick trend in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is in a bearish market zone, preparing for an uptick trend in the medium-term time frame. The price bar can be sighted below the moving average line, indicating the bulls’ attempt to start the uptick trend.
The bulls could not relent anyway, so, the price movement of Lucky Block after dropping to a $0.0000299 low level shortly after today’s 4-hourly session opening, the coin price now rose significantly to a $0.0000306 high level below the EMA-50, indicating that the coin price is preparing for an uptick trend.
However, the price of Lucky Block may increase further if the buy traders exert more force in the market, a key level above the $0.0000390 previous high level might be reached. Buyers might make use of this opportunity and pick up the coin at a lower rate for future gains.
Additionally, the selling pressure has reached bearish exhaustion; the currency pair is now pointing up in the oversold region of the market.
The bulls are expected to continue with the uptick trend and push the price further up. The target might be a $0.0001200 high value in the days ahead in its medium-term perspective.
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