Lucky Block Price Prediction – August 26
Despite the uncertainties in the crypto market, the LBLOCKUSD price remains in an uptrend and will most likely continue in the same trend. The coin market has been in a bullish rally in the previous action, and from the look of it, it will keep growing. The bull race may likely continue to the crucial level of $0.0000745 and extend to the $0.0001200 upper resistance level before we see any signs of slowdown from the short traders if the bulls should put more aggression into the market.
Levels:
Resistance levels: $0.0000250, $0.0000260, $0.0000270
Support levels: $0.0000180, $0.0000170, $0.0000160
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
Despite the inflows from the sell traders, the LBLOCKUSD price remains in an uptrend on the higher time frame. Upward pressure still dominates and the upward trend will likely continue, but either way, the pair looks quite bullish here.
The coin has been making higher highs and higher lows in the previous actions, making it possible for the altcoin to maintain an uptrend in recent times.
The price drop to a $0.0000193 support level above the EMA-50 as the daily chart opens today has not stale the bullish conditions of the Lucky Block market as it remains in an uptrend. Thus, staying above the supply levels will enable the crypto price to rise further.
Therefore, if a renewed surge in buyers’ interest occurs, the LBLOCKUSD price could increase more to hit the $0.0000745 previous barrier, indicating a potential for a prolonged recovery.
Next, a further increase in the buying pressure might lead the Lucky Block price to reach the high of $0.0001200 mark in the days ahead as the coin price remains in an uptrend, obtaining a higher footing to rise higher in the long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Despite the interference from the sell traders on the medium-term outlook, the LBLOCKUSD pair remains in an upward move.
The price of LBLOCKUSD was able to reach the $0.0000193 high value in the previous action which made the coin remain in an upward trend in its recent high.
Today’s 4-hourly bullish candle at the $0.0000196 resistance level above the moving average line confirms the bulls’ dominance as the crypto price remains in an uptrend.
This breakup may accelerate the bullish momentum and extend the ongoing correction to a $0.0000249 higher level if an extra force is added to the buying momentum.
Meanwhile, further upsides are certain as indicated by the price indicator pointing upwards, this means that the LBLOCKUSD might continue to remain in an uptrend, leading the correction pattern to hit the $0.0001200 upper high mark in the days ahead in the medium-term outlook.
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