Lucky Block Price Prediction – August 24
The LBLOCKUSD price may resume an uptrend to break up at the $0.0003429 supply level soon. A decisive break below $0.456 would bring more losses to the coin. However, a daily candlestick above the mentioned supply level would invalidate any bearish theory. Therefore, if buyers can put more effort into their tension in the market, a shift in the trend upward to the mentioned supply will be achieved soon
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000950, $0.0000850, $0.0000750
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block market is in a bearish scenario as can be seen on the daily chart above. The prices remain below the moving averages, confirming a downtrend.
The price drop to the $0.0000940 low value during the previous action has made the coin price trade below the supply levels. This will soon be invalidated as the trend has reached the oversold region.
Actions from the bears further dropped the coin price down to the $0.0000938 support level below the two EMAs as the daily chart resumes today.
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.
In a like manner, the LBLOCKUSD price is likely going to reverse and may break up at the $0.0003429 supply level as the market now trades below the 10% range of the daily stochastic; it means that the selling pressure will end soon.
This will compel the buy traders to resume an uptrend and may likely break up the $0.0003429 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is trading in a bearish market in its medium-term outlook. This is due to the high influence of the sell traders which will soon end.
The bearish impact on the crypto to the $0.0000956 support level during the previous action has dumped the coin price below the supply levels in recent times.
LBLOCKUSD is losing bullish momentum as it drops to a $0.0000947 low value below the resistance level. This, however, gave the sell traders the motive to influence the price tendency.
Now, if buyers could push higher, and the price on the 4-hour chart, closes above the $0.0001177 resistance level, then there is a high probability of the price breaking up its recent swing high of $0.0001602 level.
Next, if additional selling power is prevented, a post-retest rally may drive the prices of Lucky Block high to break up at $0.0003429 supply value to hit the $0.01000 resistance level in the coming days in its medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
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