Lucky Block Price Prediction – November 9
LBLOCKUSD is very likely to continue growing as we are seeing a bullish correction in place. The price recovery is set to target the $0.001000 supply amidst the recent market uncertainties. If buyers increase their market activity, the coin price may rise further to retest the previous high level of $0.0001900, which could further target the $0.001000 supply amidst market uncertainties.
Key Levels:
Resistance levels: $0.0001000, $0.0001100, $0.0001200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price is forming lower lows and lower highs on its long-term chart. Further, the price is trading below the EMA and set to target the $0.001000 supply amidst market uncertainties.
The sustained bearish pressure to a $0.0000263 support value during yesterday’s session has made the crypto price remain below the supply trend levels in its recent low. The coin is recovering from the recent correction as fresh buying emerges near the supply level following the upward race.
As the daily chart opened today, the Lucky Block price broke the $0.0000279 daily barrier and rallied up to the $0.0000287 resistance value below the moving averages as a pullback.
Therefore, a potential break above the neckline of $0.0001200 will strengthen the buying momentum and drive prices up to the previous resistance level of 0.0001900. This will increase the buying pressure on crypto until they reach higher resistance levels.
In addition, the market value of LBLOCKUSD is currently trending upward on the daily stochastic. As a result, it is anticipated that bulls’ recovery targets could be the $0.002000 supply value in the coming days amidst market uncertainties in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Analyzing the chart above, we can clearly see that LBLOCKUSD is in a bullish market zone and price recovery is set to target the $0.001000 supply amidst the market uncertainties. The price currently trades slightly above the EMA-50. This means that the coin is in an uptrend.
During the previous action, the pair reached the $0.0000285 resistance level and has sustained the coin price above the supply trend lines in its recent high.
At the time of writing this article, Lucky Block is trading above the EMA-50 at the $0.0000287 supply level. Considering the strength of the market, this is a sign of upward momentum.
Therefore, a potential breakout from the neckline of $0.0000322 will strengthen the buying momentum and drive prices higher, approaching the previous resistance levels of 0.0000349.
Meanwhile, the pair has a target price of $0.001000 supply level amidst market uncertainties as it continues its uptrend movement to the upper resistance as indicated by the daily stochastic pointing upwards. Hence, the mentioned target might be reached soon in its medium-term perspective.
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