Lucky Block Price Prediction – November 25
The Lucky Block price is rising gradually today and the price recovery is set to target the $0.001000 upper resistance level amidst market surge. The coin gave a bullish breakout from the $0.0000278 level, suggesting buyers are making a recovery attempt. The coin might actually face more upsides if the bulls increase their activities in the market. At the time of writing this article, the coin price has increased to a $0.0000278 high level and a $0.001000 upper high value might be the target.
Levels:
Resistance levels: $0.0000900, $0.0001000, $0.0001100
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block market is in a bearish momentum trading below the supply levels in its long-term view. Meanwhile, the coin has just resumed its rising pattern and its price recovery is set to target the upper resistance level.
The bearish impact on the coin at a $0.0000274 low level during yesterday’s session has dropped the price of the crypto below the supply levels in its recent low.
The price distribution of the LBLOCKUSD which has risen to a $0.0000278 high level below the EMA-50 as the daily chart opens today, indicates that bulls are gradually gaining access into the market at the present and may likely take over sooner.
Thus, should the buy investors put more effort and close the daily chart above the $0.0002000 supply trend line, further bearish sentiment will be invalidated.
Similarly, the price indicator which is also pointing up at around level 40% approaching the overbought region suggests that the LBLOCKUSD buyers may likely continue with the bullish correction pattern, if this is achieved, the price recovery target might be the $0.0010000 upper resistance mark in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
As an outcome of low volume from the bulls, the LBLOCKUSD pair is in a bearish trend on the 4-hour chart. The rising pattern can be spotted below the moving average and the price recovery is set to target the upper resistance territory.
The order flows from the bears to the $0.0000275 support value in the previous session also contributed to its bearish trend in its recent low.
The Lucky Block price which increases to a $0.0000278 resistance mark as the 4-hourly chart opens today shows more concern from the bulls and the price recovery might target the upper resistance level. However, with this trend, traders may buy the coin at a low price and move the market higher to achieve more gains.
Adding to that, the Lucky Block price may likely rise further as the bulls are seen clustered around the market and the price indicator shows an upward trend, in light of this, the next price recovery could reach the $0.001000 supply mark in its medium-term perspective.
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