Lucky Block Price Prediction – July 18
The market value of LBLOCKUSD is presently going up. The coin will still go further if the current support at $0.00008510 holds. The crypto’s price may continue its upside moves to retest the $0.0004450 previous high level which could further target the $0.002000 supply amidst the market surge, provided buyers increase their actions in the market.
Key Levels:
Resistance levels: $0.0002100, $0.0002200, $0.0002300
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is bearish in its long-term outlook. The price responded to the shift in the market structure and is currently trading below the moving averages.
The cryptocurrency price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days.
The coin is recovering from the recent correction as fresh buying emerges near the supply level following the upward race. The altcoin has completed its correction and is now set for an upswing. The bulls have decided to shift the trend up after a series of lows shortly after today’s daily chart opens.
With the positive sentiment, the Lucky Block price rallied up to the $0.00009758 resistance value below the moving averages as a pullback and breached the $0.00009170 daily barrier as the daily chart opens today.
Thus, a possible breakout from the $0.00009758 neckline will accelerate the buying momentum and push the prices higher to hit the 0.00004450 previous resistance levels. This will bolster more buying pressure on the crypto to the upper resistance levels.
Further, the market is now pointing up below the 20% range of the daily stochastic. This means the crypto market is oversold and the emergence of bullish pressure is crucial at this moment.
Hence, the bulls are expected to turn around the price of LBLOCKSD and the target might be the $0.002000 supply value amidst a market surge in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Analyzing the chart above, we can clearly see that LBLOCKUSD is in a bullish market zone. The price currently trades slightly above the EMA-9. This means that the coin is in an uptrend.
The pair made it to the $0.00009555 resistance level during the previous action and has sustained the coin price above the supply trend lines in its recent high.
The current price of Lucky Block now trades at the $0.00009758 supply level above the EMA-9. This is an indication of upward momentum in the context of the strength of the market.
Thus, a possible breakout from the $0.00009758 neckline will accelerate the buying momentum and push the prices higher to hit the 0.0001500 previous resistance levels.
Meanwhile, the pair has a target price of $0.002000 supply level amidst the market surge as it continues its uptrend movement to the upper resistance as indicated by the daily stochastic pointing upwards.
Hence, the mentioned target might be reached in the coming days from a medium-term perspective.
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