Lucky Block Price Prediction – August 2
The LBLOCKUSD price is recovering steadily amidst the market upsurge and might possibly hit the $0.0003249 high level soon. The coin price is struggling heavily not to fall and it could remain and continue to face the positive side if the bulls should intensify their effort and break up the mentioned resistance level. The coin price may likely increase to hit the $0.0003429 supply level which could extend to the $0.002000 upper high level and beyond.
Levels:
Resistance levels: $0.00001900, $0.0002000, $0.0002100
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
From the chart above we can be assured that LBLOCKUSD is in a bullish move in its long-term view. The coin price is traded above the EMA-9 with its wick touching the EMA-50.
The sustained bullish pressure pushed the pair up to the $0.0001026 resistance level during yesterday’s session and sustained it. This made it possible for the crypto to remain in an uptrend at its recent high.
The aggressive move by the bulls further pushes the price of Lucky Block up to a $0.0001101 high level above the EMA-9 as the daily chart opens today; an indication of more bulls present in the market.
With sustained buying, the long traders might retest the $0.0003429 barrier for quick recovery and further invalidate the bearish theory in the future.
Additionally, the coin is pointing up at around level 65% range of the daily stochastic; this implies that the bulls may continue to dictate the market direction. In this case, the price of LBLOCKUSD could rise to the $0.002000 upper resistance level in the nearby days. Hence, buyers may take a position as desired.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD price is in a bullish market at the moment in the medium-term outlook; this is due to the high impact of the buy traders in the order flow. Further, the price action can be seen above the two EMAs.
The long traders made an increase to the $0.0001101 high mark above the moving average lines shortly after the 4-hourly session opens today. This indicates that the buy investors are actually dealing in the coin investment.
Therefore, if the bulls could increase their tension in the market, the crypto price could rise further to retest the $0.0001478 previous high barrier which will enable buyers to sustain high prices.
Hence, with the daily stochastic suggesting an uptrend, the price of Lucky Block may likely continue the bullish correction race and might possibly reach the $0.02000 supply level in the days ahead in its medium-term perspective.
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