Lucky Block Price Prediction – August 21
Today, the LBLOCKUSD market shows signs of recovery as the price remains strong above the $0.0000190 resistance zone, indicating a promising market trend. The cryptocurrency now trades above the supply levels and remains a buy signal for the coin holders. In case the bulls’ pressure breaks up the resistance level of $0.0000745, the coin price may increase further to a $0.0001200 high trend line, indicating heightened investor interest.
Key Levels:
Resistance levels: $0.0000450, $0.0000500, $0.0000550
Support levels: $0.0000180, $0.0000170, $0.0000160
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD price remains strong above the resistance zone in the higher time frames. This is clear as we can see the prices trading very close to the upper resistance area, indicating a strong bullish trend. However, the recent market has favored the bulls.
The bulls’ pressure on the cryptocurrency to the $0.0000177 resistance level in the previous action has made it possible for the LBLOCKUSD price to remain strong above the resistance levels and retain its upward growth in its recent correction.
An increase to the $0.0000195 high level above the EMA-50 approaching the overhead resistance as the daily chart opens today indicates that the LBLOCKUSD traders are actively buying at this level, as the price remains strong above the trend levels.
Hence, the current trend will enable the Lucky Block price to remain strong above the $0.0000745 barrier levels at the upside and rise or breakout to the upsides, creating a strong area of interest for buyers.
Additionally, the investors’ sentiment towards the LBLOCKUSD pair remains cautiously optimistic. Therefore, if a renewed surge in buyers’ interest occurs, Lucky Block’s price might surpass the $0.0000745 resistance level, signaling an increase in bullish activity as the coin price remains strong above the resistance levels in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The chart set up in the medium term indicates the LBLOCKUSD price remains strong above the resistance levels, due to the high impact from the long-term traders in the price flow.
The coin has been making higher highs and higher lows in the previous actions, making it possible for the Lucky Block price to remain strong above the supply levels and maintain an uptrend in its recent high.
The bulls increase their pressure and move the market price of Lucky Block to a $0.0000195 high level above the EMA-50 as the 4-hourly chart opens today, making it possible for the coin to remain strong above the resistance zone, signaling a BUY position for the coin traders.
The market participants are responding to this pattern, and its breakout should offer a good buy entry opportunity for coin investors.
Hence, the LBLOCKUSD pair pointing up on the daily stochastic means that the buying pressure may continue and suggests a possible recovery of the $0.0001200 supply level in the coming days as the price remains strong above the resistance levels in the medium term.
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