Lucky Block Price Prediction – December 2
Lucky Block is back in the green again as bulls push to reclaim the $0.0000291 resistance and hold the recovery opportunity with a bullish reversal pattern. The coin may likely bounce up to the $0.0002000 supply level as it faces the upper channel. However, if the bulls can increase their efforts in the market, a potential breakout from the immediate resistance of $0.0001900 will provide additional confirmation for a bullish recovery.
Levels:
Resistance levels: $0.0000900, $0.0001000, $0.0001100
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
From the chart below we can be assured that LBLOCKUSD is in a bearish trend zone in its long-term view. Meanwhile, the bulls expect to further bounce up the coin price above the supply trend levels as soon as we can see a nice trip by the bulls below the EMA-50. This suggests that buyers are about to take over the Lucky Block market and take us higher.
The sustained bearish pressure at the $0.0000271 support level on the 27th of November has contributed to its bearishness in its recent price level.
The coin price on the daily chart at the time of writing is currently trading at the $0.0000291 correction level. This affirms the high bullish impact on the crypto. Further, the rising prices reclaimed more confirmation for a bullish recovery.
Hence, should the buying pressure persist, and the bulls close the daily chart above the $0.0001900 price level, the ongoing recovery could lead the market price of LBLOCKUSD to remain stable at the upside and stop any further bearish moves.
Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the Lucky Block price above the previous high at the $0.0001900 resistance value, the resulting rally may further bounce up to a level of $0.0002000 upper resistance level in the days ahead in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The medium-term market value of Lucky Block is moving in a bullish direction expected to further bounce up to the upper resistance level soon. This is clear as we can see the prices trading above the supply trend line indicating an uptrend.
During yesterday’s session, the pair reached and held the $0.0000286 resistance level. This has made it possible for the coin to remain in an uptrend in its recent high.
Today’s 4-hour bullish candle at the $0.0000288 supply value above the moving averages confirms the bulls’ dominance in the market. This breakup may accelerate the bullish momentum and extend the ongoing correction to a higher level.
Thus, a breakout above the $0.0000349 previous swing high would provide an opportunity for buyers to regain control and potentially drive the coin price toward the upper resistance area.
Additionally, the price of LBLOCKUSD might increase further if the bulls could push harder, if this is achieved, the coin price might bounce up further to the $0.0002000 upper resistance level and beyond in the near days in its medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply