Lucky Block Price Prediction – November 6
LBLOCKUSD pair is poised to retest the $0.0000398 supply level as it is about to resume its bullish race. The coin is trying hard not to fall heavily to the downside. Therefore, if the bulls could accelerate their forces in the market, the price may likely increase and remain stable at the upside to reach the $0.000800 high level and beyond, signaling a possible continuation of the uptrend and more gains to the coin buyers.
Levels:
Resistance levels: $0.0000197, $0.0000198, $0.0000199
Support levels: $0.0000180, $0.0000179, $0.0000178
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block pair is showing a bearish display in its long-term perspective. The price bars are below the moving averages, due to the high inflow from the sell traders. However, there is about to be a turnaround for the Lucky Block buy traders.
The bulls made an increase to a $0.0000197 high level earlier today below the moving averages. With this current trend, buyers can pick up the price at a lower rate and move the market further up. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
Meanwhile, the price of LBLOCKUSD pointing up on the daily signal implies that the price is still going up and in this case, the price might retest the $0.0000398 resistance level if the buy traders could increase their efforts.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is trading below the moving averages, an indication of a bearish market sentiment in its medium time frame. Thus the LBLOCKUSD is correcting and will resume its bullishness soon.
A rise to a $0.0000197 high level by the bulls shortly after the 4-hourly chart opens today affirms the returns of the long traders into the market. Thus, the price of Lucky Block is set to advance further if the bulls can redouble their efforts and push above the current supply level.
Hence, the stochastic oscillator pointing up suggests that the LBLOCKUSD price action is in an uptrend. We can certainly expect the price of the coin to increase to a $0.000800 supply level soon in its medium-term time frame.
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