Lucky Block Price Prediction – January 12
The Lucky Block pair is in an attempt to resume its recovery pattern. Hence, the breakup of the $0.0000970 resistance level will increase the crypto price toward the $0.0001602 supply level and beyond. Suppose all the support level holds and the bulls should put more aggression into their activities. In that case, the recovery pattern may be extended to hit the $0.0002000 upper high level which will validate a potential recovery rally and increase buyers’ assets.
Levels:
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The Lucky Block buyers are set to resume the recovery pattern as the price bars are seen slightly above the moving averages, this indicates that the pair is in a bullish market zone in its long-term perspective. This suggests that the crypto is about to resume its recovery pattern smoothly very soon.
The sustained increase in the coin price to a $0.0000557 high value in the past few days has made the price stay above the supply level in its recent high.
The bulls will not relent; this however gave buyers the courage to push the price of the coin up to a $0.0000556 high level above the moving average shortly after the commencement of the daily chart today. Moreover, this price jump is quite above the resistance level and could offer additional barriers against the sell traders as the crypto resumes its recovery pattern.
Additionally, the daily stochastic is showing that the market price of LBLOCKUSD is in an uptrend, this will accelerate its recovery pattern and drive the coin price up which may hit the $0.0002000 supply zone in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Lucky Block pair is showing a bullish display in its medium-term perspective. The chart indicates that the coin is about to resume its recovery pattern as we can see the price bars trading above the moving averages making higher highs and higher lows.
The bulls could not relent anyway, so, the price movement after dropping to a $0.0000499 low level shortly after today’s 4-hour session opening, the price of LBLOCKUSD jumped up to a $0.0000521 high level to resume its recovery pattern.
This bullish breakout will offer the first signal for potential recovery and provide a higher footing to push the bull rally forward.
Hence, the stochastic oscillator which is also pointing up means that the price action is in an uptrend. We can certainly expect the price of Lucky Block to increase to a $0.0002000 supply level as soon as it resumes its recovery pattern in its medium-term view.
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