Lucky Block Price Prediction – July 27
The LBLOCKUSD pair is poised to retest the $0.0001099 supply level due to more concerns from the bulls. The coin is about to resume its bullish race, likewise trying hard not to fall heavily to the downside. Therefore, if the bulls could respond to the shift in the market and trigger their forces, the crypto price may likely reverse soon from the daily support level at $0.0000189 and turn positive to reach the $0.0001099 high level and beyond, indicating the investors’ enthusiasm and positive shift in the market.
Levels:
Resistance levels: $0.0000400, $0.0000500, $0.0000600
Support levels: $0.0000170, $0.0000160, $0.0000150
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block pair is retesting the previous high level soon as suggested by the price signal pointing up on the daily chart. The price is below the EMA-50, indicating a bearish display as a result of high selling pressure.
The sustained pressure by the short traders at the $0.0000189 low level during yesterday’s session has contributed to its bearishness in its recent low.
The price of LBLOCKUSD at the $0.0000189 low value below the EMA-50 as the daily chart opens today results from low bullish momentum. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Meanwhile, the price of LBLOCKUSD which is pointing up on the daily signal implies that the price is still going up. In this case, the possibility of the crypto price retesting the $0.0000189 previous supply level is high, if the buy traders could increase their efforts.
In light of this, the price might reach the $0.0001200 resistance level in the upcoming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD pair is in a bullish market zone, aiming at retesting the previous high of $0.0000223 value in its medium-term outlook can be seen from the chart below. The price is recovering and trending above the EMA-50, indicating an uptrend.
A rise to a $0.0000198 high level by the bulls above the EMA-50 shortly after the 4-hour chart opens today, affirms the returns of the long traders into the market.
Thus, the price of Lucky Block is set to advance further, retesting the $0.0000223 high mark, if the bulls can redouble their efforts and push above the current supply level.
Hence, the stochastic oscillator pointing up means that the price action is going up. We expect the price action to increase to a $0.0001200 supply level soon in its medium-term time frame.
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