Lucky Block Price Prediction – July 24
LBLOCKUSD is very likely to continue growing as we are seeing a bullish correction in place and the price recovery could surpass the $0.02000 supply level amidst the recent market volatility. The coin gave a bullish breakout from the $0.0001072 level, suggesting buyers are making a recovery attempt. Thus, if the crypto’s price sustains above the $0.0004450 previous high level, the potential rally could surge higher to hit or surpass the$0.02000 supply level and beyond.
Key Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
Lucky Block is displaying a bullish scenario in its long-term outlook as can be seen from the chart above. The price bar is seen trading above the EMA-9 approaching the upper resistance area. It also shows the impeding next big move in the price. The coin price has walked a lateral path, trying to sustain above the $0.0000975 support level.
The sustained pressure from the bulls at the $0.0001044 supply level during yesterday’s session has contributed to its bullishness in its recent high.
The LBLOCKUSD price has moved up to a $0.0001072 high level above the EMA-9 as a potential recovery from buyers as the daily chart resumes today. This is a result of more concerns from the buy investors.
Therefore should the bulls increase their swagger in the market, the price is poised to pump up above the key resistance levels around $0.0004450.
Adding to that, the momentum indicator which is pointing up indicates that the price of Lucky Block is in an uptrend and may possibly remain in that direction to hit the $0.02000 supply level and beyond in the days to come in the higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD rebounded after its massive drops. The coin is now in the bullish market trend in its medium-term outlook. The market shows that the coin price may now be trading in a new ascending channel.
The successful increase by the bulls to the $0.0001043 high value in the previous action has enabled the crypto price remains above the supply trend levels in recent times.
The bulls made a corrective rally up to a $0.0001072 high level above the moving averages shortly after the 4-hourly session opened today. This will enable the long traders to influence the price tendency.
Hence, a breakout above the overhead trend line at the $0.0001500 supply level with candle closing will signal a strong buy signal for interested traders.
Further, the Lucky Block price is pointing up indicating an uptrend as shown by the price indicator; it means that the buying pressure will continue. As a result of that, the bullish race might possibly reach or surpass the $0.02000 resistance level in the coming days in its medium-term perspective.
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