Lucky Block Price Prediction- April 4
The Lucky block price might rally above the $0.0001200 high level and may likely push higher to reach a significant level of $0.0002000 in the upper resistance area if the bulls can add more energy to the price action in the market.
Key Levels:
Resistance levels: $0.0000600, $0.0000700, $0.0000800
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The market value of Lucky Block is in a bearish trend zone in its long-term outlook. This is due to the inflow of the sell traders. The coin might rally above the supply trend as soon as the new correction is in place.
The price drop by the sell traders to a $0.0000278 support level during yesterday’s session has made the coin price remain below the supply levels in recent times.
The market price of LBLOCKUSD at a $0.0000328 high level which is slightly below the EMA-50 but indicates that the bulls are coming into the market gradually to dominate soon and this may rally above the $0.0001200 high level.
With this current trend, buyers can pick up the price at a lower rate and move the market further up. Therefore, buyers need to add more strength to their activities in the market to rally above a $0.0001099 significant level at the higher side.
Additionally, Lucky Block buyers may likely continue with the bullish rally as indicated by the momentum indicator which is pointing up at around level 23%. It is therefore expected of the bulls to take us high and rally above the $0.0001200 resistance level in the days ahead in its long-term view.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The cryptocurrency is in a bearish move in its medium-term outlook. The price of LBLOCKUSD is below the moving average and might rally above the supply levels soon.
The bearish pressure at the $0.000278 support level in the past few hours has made the coin stay below the supply trend levels in recent times.
The price action of the Lucky Block pair at a $0.0000310 high level below the EMA-50 as the 4-hourly chart opens today, suggests that the bulls are ready to rally above the resistance level. There is a higher probability of the price breaking up its resistance level of $0.0000611 and going up much further.
Next, the coin is pointing up on the daily stochastic. It indicates that the LBLOCKUSD may continue its bullish rally and this may get to the high of $0.0001200 level and beyond as we watch the market in a bullish scenario soon in its medium-term time frame.
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