Lucky Block Price Prediction – August 21
The LBLOCKUSD pair may likely bounce off the support and the price recovery might reach a $0.0003429 high mark as the coin market now trades at the oversold region. Should the buying traders add more buying power to their activities and the coin price manage to maintain its position above the breached supply at the $0.0001602 value, the mounting buying pressure could propel the Lucky Block value toward a critical resistance level at $0.003429.
Key Levels:
Resistance Levels: $0.0001000, $0.0001100, $0.0001200
Support Levels: $0.0000800, $0.0000700, $0.0000600
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The currency pair is bearish in its long-term-term perspective. This is due to the high bearish impact on the crypto market.
The bearish pressure at the $0.0000909 support level in the past trading session has made the price of Lucky Block stay below the supply trend levels in its recent low.
Actions from the short traders further dropped the coin price down to the $0.0000900 support level below the two EMAs as the daily chart resumes today.
However, a bullish breakout above the resistance trend line at the $0.0002000 value is possible soon, if the bulls could exchange hands with the sell traders at the mentioned support level.
Notably, the market value of LBLOCKUSD has reached the oversold region of the daily signal: thus, the anticipated bullish reversal could kick start a new recovery cycle and the price recovery target might reach a $0.0003429 high mark in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is trading in a bearish market in its medium-term outlook. This is due to the high influence of the sell traders.
Lucky Block is possibly making its way up after hitting the $0.0000918 level to overcome support to signal a pump-up. It looks like the price will want to bounce up again in the medium term.
The $0.0000921 price level served as a solid resistance for the coin price as a pullback below the two EMAs as the 4-hourly session resumes today.
Because there is currently a bullish correction in place, a potential breakout from this trend line could intensify the bullish momentum and may surge the crypto price to the $0.0001602 previous high point, which would provide further affirmation of a prolonged period of bullish recovery.
Similarly, the price action of LBLOCKUSD is in an uptrend on the daily stochastic: hence, it is extremely likely that the price recovery target might reach a $0.0003429 high mark soon in the medium-term perspective.
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