Lucky Block Price Prediction – September 6
LBLOCKUSD price retracing at the $0.0000814 support level is imminent as it 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 $0.001000 high level and beyond.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD 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 likely to be a price retracement at the current support level as the market is oversold already.
The sustained bearish pressure in the past few days has made the crypto price remain below the supply trend levels at its recent low.
Meanwhile, the current price of Lucky Block at a $0.0000814 low value below the supply trend lines has not stale the market condition of the crypto.
Further, if the bulls could add more strength and exchange hands with the sell traders at the above-mentioned level, the price of Lucky Block may likely retrace upward and breach the $0.0003429 resistance to invalidate the bearish thesis. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Additionally, the Stochastic is also showing the market is approaching the oversold region. This means that the selling pressure will end soon.
This will compel the bulls to emerge and price retracement is likely at the $0.0000814 support level, if this is attained by the buying traders, the next price target of LBLOCKUSD could be the $0.0010000 upper resistance value in the nearby days in its long-term outlook.
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The market price of LBLOCKUSD is currently trading in the bearish market zone. This is due to the inflows from the sell traders. Hence, the coin is about to retrace at the selling pressure seems exhausted.
The sell traders made a downward move to the $0.0001098 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.
Actions from the bears further dropped the coin price down to the $0.0000814 support level below the two EMAs as the 4-hour chart resumes today.
Hence, should the bulls exchange hands with the sell traders and close above the $0.0001602 resistance value, additional intraday gains would be recorded for the buy investors.
Additionally, the price of Lucky Block might possibly retrace at the $0.0000814 support value and swing up above its previous high at the $0.0001602 value soon as the coin market price now trades in the oversold region, this will compel the bulls to resume the upward move and in this case, the price might push higher to the $0.0010000 supply mark and beyond in the days ahead in its medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
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