Lucky Block Price Prediction- January 11
The market price of LBLOCKUSD may resume its upside moves soon as price reversal at the $0.0002064 low level is imminent. Based on the outlook, should the bulls push higher and close above the $0.0002269 high mark, a bullish breakout confirmation will reflect the improved market sentiment. Thus, the post-rally might extend the coin price to the $0.01000 resistance level.
Key Levels:
Resistance levels: $0.0002600, $0.0002700, $0.0002800
Support levels: $0.0002200, $0.0002100, $0.0002000
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The LBLOCKUSD market indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the two EMAs. However, the market is presently facing resistance at the recent high.
The existence of the bears in the market inflows in the previous action has led to the crypto price trading below the supply trend lines.
The bulls caused a rise in the price of Lucky Block to a high at the $0.0002071 level after which the sell traders returned the price to a low at the $0.0002064 support level below the moving averages as the 1-hourly chart opens today.
The coin reacted to the market activities and currently trades in a green candle at the $0.0002066 correction mark. Doing so will offer a higher footing for buyers to prolong this recovery.
Hence, with the price pointing upwards on the daily stochastic means that further upside is certain. It is therefore expected that the buy investors will move the price action up and may likely hit the $0.01000 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (15-Minute Chart)
The currency pair is trading in a bearish market in its short-term outlook. This is due to the high influence of the sell traders. The coin was able to reach a high of $0.0002269 level in the previous action.
The market price of LBLOCKUSD which increased to a $0.0002067 high level suggests an improved bullish market sentiment. Thus, closing the 15-minute session above the $0.0002269 supply value will put the trade more on the buy side.
Next, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the $0.01000 resistance level in the coming days in its lower time frame.
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