Lucky Block Price Prediction – August 17
After completing the dip lows, the LBLOCKUSD price is very likely to turn positive soon as the coin price is now set for a potential upswing. The market price is oversold, should the buying traders add more aggression to their buying forces, the coin might jump towards the$0.0003429 previous supply level amid renewed buying momentum if the selling traders reduce their tension in the market.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.000200
Support levels: $0.0000800, $0.0000700, $0.0000600
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair is trading in the bearish trend market in its long-term outlook. The price bar can be seen below the moving average lines and has confirmed its bearishness. The prices can be seen below the moving averages at the moment. However, this cannot stay long as the market is oversold.
The interference of short-term traders to the $0.0000935 low level during yesterday’s action has contributed to its bearish momentum in recent times.
Today, the bulls are trying hard to remain above the $0.0003429 supply mark, so there is a possibility for the coin price to pull back at the current support of $0.0000899 value to invalidate the bearish theory.
However, long traders can join the market or invest in the crypto with the current trend and buy at a lower rate for more gains in the future. This will reflect an increase in the trend momentum.
Adding to that, the market value of Lucky Block is now set for a potential upswing as the crypto now trades at the oversold region, from the look of things, further downwards may not likely be possible.
In this case, the buying teams are expected to resume the bullish correction soon and this may likely drive the crypto price to a $0.001000 upper resistance level in the days ahead in its higher time perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
At the moment, the price of LBLOCKUSD is struggling at a critical level. The price is now facing the upside approaching the moving averages.
The market price reversal at the $0.0000924 supply value below the two EMAs is an affirmation of bullish returns to the market and a possible next jump is likely.
The longer the price stays far above the mentioned level, the more pressure builds up to reach a key significant level at the upside.
A potential breakout from this trend line could intensify the bullish momentum and may surge the LBLOCKUSD price high to retest the $0.0001200 value and set the crypto price for a potential upswing.
The Lucky Block price is pointing up below the 20% range of the daily stochastic. The coin has fallen into the oversold region of the market. Buyers are expected to emerge and cluster
round the market to push the price of the crypto forward.
Following this new trend, the price might possibly reach the $0.001000 resistance level in the days ahead in its medium-term time frame.
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