Lucky Block Price Prediction – December 16
The Lucky Block price is likely to grow more and is an opportunity for long-term investors as the coin is trading strongly in the bullish market at the moment. After completing the downward correction, the cryptocurrency is likely to continue its upward movement if the current support at $0.0000500 holds and the daily chart closes above the $0.0001297 resistance level, then there is a high probability of the price rising to its recent swing high, which is the $0.0001602 resistance trend line and beyond.
Key Levels:
Resistance levels: $0.0000800, $0.0000900, $0.0001000
Support levels: $0.0000500, $0.0000400, $0.00003000
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The LBLOCKUSD bulls suggest that the pair will grow more in its higher time frame as can be seen from the chart below. The price is currently recovering and trades above the moving averages. This is an indication of an uptrend. 
The bullish reversal at the $0.0000635 high value during yesterday’s session has sustained the crypto price above the trend line in its recent high.
As a result of price rejection in the previous action, buyers have been able to push the price of Lucky Block higher to a $0.0000749 high level above the EMA-50 as the daily session opens today.
More gains are possible and the price would grow more if the bulls can put extra effort into the price action.
Similarly, the momentum indicator pointing upwards suggests the continuation of the bullish trend. Hence, the price of LBLOCKUSD might grow more to retest the previous high of $0.0001602 value which may further extend to the $0.0002000 upper resistance value in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The bulls’ pressure on the Lucky Block market has also made it to also grow more in its medium-term outlook. The coin is also displaying a bullish posture by trading above the supply trend lines. This is due to the high inflow from the long traders.
The increase in the momentum by the bulls to the $0.0000624 supply value during the past action has enabled the LBLOCKUSD price to stay strong above the resistance lines in its recent high.
An increase to the $0.0000648 high level above the EMA-50 approaching the overhead resistance as the 4-hour chart opens today indicates that the traders are actively buying at this level.
This current trend will enable the coin price to remain in the upside and grow more or rise to the upside. This however creates a strong area of interest for buyers.
Furthermore, the daily stochastic indicates an uptrend; if the bulls can push the Lucky Block price above the $0.0000970 previous high, the resulting rally could grow more to surpass the $0.0001602 level and reach the $0.0002000 psychological level at the upside in the coming days.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply