Lucky Block Price Prediction- January 28
The LBLOCKUSD price is targeting $0.02000 having completed the low dips. The coin is likely to grow more. There is a possibility of more upsides if the bulls should increase their price action, the coin price may likely rise to retest the $0.0001874 previous high which might further extend to the $0.02000 upper resistance level and beyond soon.
Key Levels:
Resistance levels: $0.0002300, $0.0002400, $0.0002500
Support levels: $0.0001600, $0.0001500, $0.0001400
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The LBLOCKUSD market is in a bearish market as can be seen on the 1-hourly chart above. The price is currently recovering and trades below the moving average lines confirming a downtrend. The coin has dropped down to a low at the $0.0001509 level in the previous action and has been rejected by the bulls at the moment.
It seems that the bulls are about to take over and push us higher as the 1-hourly session opens today at the $0.0001514 supply value but below the moving averages. This suggests that the bulls are returning to the market for a recovery process. Meanwhile, there are multiple possible targets at this point, but either way, it seems that the price will bounce up again soon.
The market value of Lucky Block which has risen significantly to the $0.0001519 resistance level is capable of rising further to the previous high of $0.0001874 level and beyond.
The coin has fallen below the 20% range of the daily stochastic. It implies that the selling pressure has been exhausted and the bulls are set to take the price up at the moment as indicated by the price indicator which is pointing up at around level 12%, so we expect buyers to move the price up and the $0.02000 upper high level may be the target in the coming days in its long-term view.
LBLOCKUSD Short-term Trend: Bearish (15-Minute Chart)
The Lucky Block price is in a bearish race in the short-term outlook. The price is below the supply trend lines, indicating a bearish trend. This is due to low bullish momentum.
The bearish pressure on the crypto market at the $0.0001514 support value below the moving averages has retained the coin price in the bearish trend.
As a result of price rejection at this level, there was an immediate reversal. Buyers pushed the coin price higher to the $0.0001516 high level below the two EMAs as the 15-minute session opens today. This signifies that the buy investors are back in the market to invest in the coin.
However, the price of LBLOCKUSD is oversold already. This means that further selling pressure is unlikely and the price action may likely resume and even continue in an upside direction. As a result of this, the $0.02000 supply value might be the target in its lower time outlook.
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