Lucky Block Price Prediction- February 27
The LBLOCKUSD pair is on its way to the upper resistance trend lines. Should the bulls regroup and push higher, a further bullish breakout from the $0.0001554 value will accelerate the new correction phase. The $0.0002071 resistance mark and beyond might be the target.
Key Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0002100, $0.0002000, $0.0001999
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
The Lucky Block market is having a bullish posture in its long-term outlook as can be seen from the chart above. Meanwhile, it also shows the impeding next big move in the price. The recent market structure has favored the bulls.
The successful breakout by the bulls to the $0.0001698 supply value in the previous action has sustained the crypto price in an uptrend.
After completing the downside moves at the $0.0001501 low value, the coin price found a reliable resistance at $0.0001554 value as a pullback above the EMA-9 as the 4-hourly session resumes today. Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at the present.
Similarly, the LBLOCKUSD price may likely continue its journey up north as indicated by the daily stochastic which is pointing in an upward direction. This means that the selling pressure has ended; we can therefore expect the upcoming bullish correction phase to reach a high at the $0.0002071 value soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
The QNTUSD pair is in a bullish momentum in its medium-term view. The trend has just resumed its rising pattern but has not yet reached its goal.
The aggressive move by the bulls pushed the LBLOCKUSD price up to the $0.0001554 resistance value above the EMA-9 approaching the overhead resistance as the 1-hourly chart opens today. Thus, the bullish correction at the mentioned supply value returns the buy investors to the market for the next increase race.
Hence, we have a bullish bias that the coin price will rise further to the upside if the buying pressure should increase. Currently, the cryptocurrency is making a correction, there may be a potential rise in the Luck Block price and this may possibly retest the previous high at the $0.0002071 supply level which might further extend the coin price to the $0.02000 high trend line in the coming days in its medium-term outlook.
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