Lucky Block Price Prediction – August 12
It is time for the LBLOCKUSD to grow again. The coin market pushes upward while facing resistance at $0.0000168, signaling the potential for a significant correction. The crypto has seen a 20% price surge amidst a crypto relief rally in the previous action, and from the look of it, it will keep growing. The bull race may likely continue to the key psychological level of $0.0000885 supply value and beyond before we see any signs of sellers’ comeback if the buy traders should put more aggression into the market.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000150, $0.0000130, $0.0000110
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price is losing bearish momentum as it pushes upward, facing resistance below the moving average, indicating a bearish trend in the long-term perspective.
The previous action by the sell traders in the past few days to a $0.0000113 support level has contributed to the crypto’s bearishness in its recent high.
Today, the LBLOCKUSD market price pushes upward to a $0.0000168 resistance level below the EMA-50 to resume the daily session, signaling the potential for a significant correction ahead.
Hence, an upside breakout above the $0.0000885 high mark with a daily candle closing will offer buyers a solid foothold to push the Lucky Block price higher as it journeys north, facing resistance.
Notably, the daily stochastic pointing upwards as the LBLOCKUSD price pushes upward, facing resistance, suggests the coin can grow further. In light of this, the coin price might grow higher to reach the $0.0001200 upper resistance value in the coming days as it pushes upward, facing resistance in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Despite the influence of the sell traders, the Lucky Block pair pushes upward, facing resistance on the medium-term outlook. The coin price is slightly below the EMA-50, suggesting a bearish trend.
The order flow by the sell traders at the $0.0000165 low value in the past few hours has made the coin price drop below the resistance level in its recent high. However, the LBLOCKUSD market is regaining its strength, as we can see in a new corrective move by the bulls at the support levels.
At the time of writing, the Lucky Block price pushes upward to $0.0000168, facing resistance below the moving average as the 4-hourly session opens today, potentially setting the stage for an upcoming rally.
Hence, the coin might push upwards to hit the $0.0000223 supply level amid renewed buying momentum, if the sell traders reduce their tension in the market.
Meanwhile, as the price pushes upwards, facing resistance, further upsides are certain as indicated by the price indicator pointing upwards, suggesting a further rise in the market value of Lucky Block is certain.
In this case, the bullish correction pattern might extend the coin price to the $0.0001200 upper resistance value in the coming days, as the crypto price pushes upwards, facing resistance in the medium-term outlook.
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