Lucky Block Price Prediction- December 26
The LBLOCKUSD pair having completed the low dips is likely to grow more. If the bulls could push higher and the price on the 1-hourly chart, closes above the $0.0002159 supply level, then there is a high probability of the price going up to its recent swing high, which is $0.0002268 resistance level and beyond.
Key Levels:
Resistance levels: $0.0002300, $0.0002400, $0.0002500
Support levels: $0.0001600, $0.0001500, $0.0001400
LBLOCKUSD Long-term Trend: Bullish (1H Chart)
The LBLOCKUSD market is in a bullish scenario as can be seen on the 1-hourly chart above. The price is currently recovering and trades above the EMA-9 confirming an uptrend. The coin has dropped down to a low at the $0.0001400 level in the previous action and has been rejected by the bulls at the moment.
As a result of price rejection at this level, there was an immediate reversal. Buyers pushed the coin price higher to the $0.0001625 high level above the EMA-9 as the 1-hourly session opens today. This signifies that the buy investors still remain dominant in the market and are actually buying the coin.
Meanwhile, the current price shows a power struggle at the overhead resistance trend line, resisting the start of another bear cycle. Thus, a further increase in the buying pressure will invalidate any bearish thesis and the price will grow more to reach the key levels at the overhead resistance.
In addition to that, the Lucky Block price shows an uptrend on the daily stochastic.
This means that the coin will grow more and as a result of that, the coin price might possibly rise above its previous high at the $0.0002268 mark which may extend to the $0.02000 supply mark in the long-term outlook.
LBLOCKUSD Short-term Trend: Bullish (15-Minutes Chart)
The Lucky Block price is in a bullish race in the short-term outlook. The price is above the supply trend lines which are glued together, indicating an uptrend. This is due to the inflow from the long traders.
The bulls made an upward move to the $0.0001879 resistance level before the end of yesterday’s session. This gave buyers more strength to continue with the trend.
The bulls are not relenting, an increase in price to the $0.0001625 supply value above the two EMAs as the 15-minute session opens today, shows that the buy traders are actually on top of the market at the moment, traders are hereby advised to seize the opportunity and buy the coin now to have more gains ahead.
Similarly, the LBLOCKUSD pair is showing an upward momentum on the daily stochastic, this means a continuation to the upside. If the coin price sustains above the $0.0002159 resistance level, the resulting rally may surpass the $0.0002268 high level and hit the $0.02000 psychological level at the upside in the days ahead in the lower time frame.
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