Lucky Block Price Prediction- September 19
LBLOCKUSD is about to resume its bullish race. The cryptocurrency is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the price may likely reverse and turn positive to reach the $0.002500 high level and beyond.
Levels:
Resistance levels: $0.0005800, $0.0005900, $0.000600
Support levels: $0.0005600, $0.0005500, $0.0005400
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The Lucky Block pair is showing a bearish display in its long-term perspective. The price bars can be seen below the moving averages. This is 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 however made an increase to a $0.0006115 high level earlier today after which the sellers intervened and smashed the price down to a low at $0.0005600 level below the moving averages.
With this current trend, buyers can pick up the price at a cheaper 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 which is pointing up on the daily signal implies that the price is still going up and in this case, the price might possibly retest the $0.002500 resistance level if the buy traders could increase their efforts.
LBLOCKUSD Short-term Trend: Bearish (15-Minute Chart)
The currency pair is trading below the moving averages, an indication of bearish market sentiment in its lower time frame. Thus the LBLOCKUSD is making a correction and will resume its bullishness soon.
A rise to a $0.0005845 high level by the bulls shortly after the 15-minute 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 which is also pointing up means that the price action is in an uptrend. We can certainly expect the price of the coin to increase to a $0.002500 supply level soon in its lower time frame.
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