Lucky Block Price Prediction – July 14
The LBLOCKUSD price has just resumed the start of a new recovery at the $0.0001181 supply level and also at the possible buy opportunity at the moment. 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 into the key psychological level in the overhead supply zone.
However, with sustained buying, buyers could poke a potential target of $0.002000 supply value and beyond before we see any signs of buying slowing down.
Levels:
Resistance levels: $0.0002100, $0.0002200, $0.0002300
Support levels: $0.0001000, $0.0000900, $0.0000800
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD is at the moment trading in the bullish trend market in the long-term outlook. The price currently trades above the two EMAs and moves toward the upper resistance area. This breakout triggers a smooth bull cycle pattern, which in theory, should lead the prices to an overhead trend line.
The sustained bullish pressure pushed the currency pair up to the $0.0001197 supply level during yesterday’s session and sustained it. This has made it capable for the coin to remain firm in an uptrend in its recent high.
The buy traders made a strong push from the $0.0001088 value to the $0.0001181 resistance level above the supply trend levels as the daily chart opens today which indicates an intraday growth and more gains for buyers.
Thus, an increase in buying pressure and a breakout above the $0.0003429 neckline could signal a change in the price trend which would nullify any further slowdown by the bears.
Notably, the daily stochastic suggests an uptrend continuation in the coming days. It is expected of buyers to push the price of Lucky Block further up to a significant level and in this case, the target might be the$0.002000 upper resistance level in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD is showing a more bullish impact in its medium-term outlook. Prices are seen above the moving averages which confirmed its bullishness.
The bulls are having the market at their disposal at the moment. However, a high retest to the breached $0.0001069 supply suggests strength in bullish momentum in its recent high.
Recently, amidst the overall growth in the cryptocurrency market, Lucky Block’s price experienced a bullish breakout from the bottom trend pattern, signaling an early sign of trend reversal.
Currently, the LBLOCKUSD price trades at the $0.0001098 resistance value above the moving averages as the 4-hourly chart resumes today.
If buyers could trigger a breakout above the $0.0002000 resistance level, a breakout above this barrier, with a 4-hour candle closing could signify a shift in the market dynamics.
Such a breakthrough would provide an opportunity for buyers to regain control and potentially drive the price toward the overhead resistance area.
Additionally, the price of Lucky Block might continue the resumption of the new recovery as indicated by the daily signal which is pointing upwards. In this case, the price might push higher to the $0.002000 supply mark and beyond in the days ahead in its medium-term time frame.
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