Lucky Block Price Prediction- April 24
LBLOCKUSD price is setting up for the next uptrend. The coin may possibly resume an uptrend to break up the $0.0002890 supply value. Should the bulls increase their buying power and close a daily candlestick above the mentioned supply level, a further bearish thesis will be invalidated. The next bull cycle may likely reach the $0.02000 high trend line and beyond.
Key Levels:
Resistance levels: $0.002500, $0.002600, $0.002700
Support levels: $0.001700, $0.001600, $0.001500
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The Lucky Block market is in a bearish trend market zone in its long-term outlook. The price bar can be seen below the supply trend levels. This is due to the inflow from the sell traders.
The sustained bearish pressure to the $0.0001772 value during the previous action has made the coin price remain in a downward trend in its recent price level.
The bulls however made an increase to a $0.0001888 high level below the moving averages as a pullback as the 4-hourly session resumes today. With this current trend, buyers can pick up the price at a lower rate and move the market further up. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels in the supply area.
In a like manner, LBLOCKUSD price is setting up for the next uptrend as indicated by the daily stochastic which is pointing upwards in the oversold region.
It means that the selling pressure has been exhausted. This will compel the buy traders to continue with the bullish trend pattern and may likely break up its previous swing high of $0.0002890 level which may further hit the $0.02000 resistance mark in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
The market value of LBLOCKUSD can be seen in a bullish scenario in its medium-term outlook. This is due to interference from buy traders.
The sustained bullish pressure at the $0.0001957 value during yesterday’s session has enhanced the coin price to remain in an uptrend at its recent high.
The market price of LBLOCKUSD at the moment at the $0.0001888 resistance level is above the two moving averages which are glued together, indicating that the bulls are dominant in the market.
There is a higher probability of the price breaking up its resistance level of $0.0002200 and going up much further.
Next, the coin suggests an uptrend on the daily stochastic. It indicates that the pair may likely continue in an upward move. We will now be looking into the emergence of more buyers in the oversold region of the market. The price action may possibly reach a high of $0.02000 level and beyond as we watch the market in a bullish scenario soon in its medium-term outlook.
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