Lucky Block Price Prediction- April 12
LBLOCKUSD price is very likely to turn positive soon the price retracement may surge above the previous high level, indicating a sustainable gain. The crypto might continue growing as we are seeing a bullish correction in place on the daily chart, suggesting buyers are making a recovery attempt. Thus, if the price retracement could sustain above the $0.0001099 high level, the potential rally could surge higher to hit the$0.0001200 and beyond.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair is making a correction below the supply levels and the price retracement may surge above the previous high level soon in its long-term outlook. The price bar can be seen below the moving average lines and has confirmed its bearishness.
The interference of short-term traders to the $0.0000238 low level in the past session has contributed to its bearish momentum in recent times.
Hence, the bulls have started making a correction and the price retracement could surge above the high of $0.0001099 Level.
The Lucky Block price retracement today at the $0.0000320 high mark below the EMA-50 may surge above the previous high level as the bulls remain intact on the crypto to take us higher.
Thus, the price will still go up if the bulls should add to their tension in the market. The buy investor can join buyers and buy the coin now at a lower price to have more gains later.
Meanwhile, it is expected that the LBLOCKUSD price to increase further above the $0.0001099 previous resistance level as indicated by the daily signal pointing upwards. We now expect the crypto’s price retracement to surge above the mentioned resistance in the coming days.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The market price of LBLOCKUSD is currently trading in the bearish market zone. This is due to the interaction from the sell traders.
However, the coin may experience a price retracement soon and this may surge above the previous supply level to invalidate the bearish thesis.
The bearish pressure at the $0.0000285 support level in the past few hours has made the coin stay below the supply trend levels in recent times.
The price drop to the $0.0000291 low value below the EMA-50 as the 4-hourly chart opens today, is a result of the brief return of the sell traders into the market. Thus, buyers can pick up the coin now at a lower rate for more future gains.
Notably, there is likely to be a price retracement soon as the Lucky Block pair is pointing upwards on the stochastic oscillator. In light of this, the price retracement may surge above the $0.0001099 previous high mark and further increase to a $0.0001200 resistance level which could lead to additional gains for the buy investors in its medium-term outlook.
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