Lucky Block Price Prediction- January 10
The LBLOCKUSD market is poised for an increase and the price may likely retest the $0.0002295 resistance level if buyers should accelerate their price action in the market. The $0.02000 upper resistance level may be reached.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0002100, $0.0002000, $0.0001999
LBLOCKUSD Long-term Trend: Bullish (1H Chart)
The LBLOCKUSD pair is still in an uptrend in its long-term outlook despite the inflows from the sell traders. The price currently trades above the EMA-50 but below the EMA-9, this means that the coin is in an uptrend.
The cryptocurrency has been having a smooth bullish impact in the previous action and has increased the price to remain in the bullish trend zone.
The current price drop to the $0.0002143 support level above the EMA-50 as the 1-hourly session begins today is an indication of upward momentum in the context of the strength of the market.
Staying above the moving average will make it capable for the coin price to rise further. Thus, a possible breakout from the $0.0002182 neckline will accelerate the buying momentum and push the prices higher to hit the $0.0002295 resistance level.
Further, the Stochastic is also showing the market is oversold and ready for a buying momentum. Therefore, if the bulls increase their tension in the market, the price tendency of Lucky Block will move above the key levels and as a result, the price may likely extend to the $300.000 high value in the days ahead in its short-term outlook.
LBLOCKUSD Short-term Trend: Bearish (15-Minutes Chart)
The Lucky Block price is in a bearish market arena in its short-term frame. Much more, the price is gathering momentum, and has decided to face the upsides to achieve more gains.
The interaction from the short traders in the past few minutes has dropped the crypto price below the resistance lines.
However, the bulls made a corrective rally up to a $0.0002148 supply trend line slightly below the moving averages shortly after the 15-minute session opened today. This is an indication that the bulls are making an attempt to push the coin price to the upside and may possibly rise to retest the $0.0002295 resistance mark.
Additionally, the daily stochastic is also showing that the market is oversold and ready for a buy. This will enable buyers to aggressively push the price of LBLOCKUSD coin up and the $0.02000 upper resistance value might be the target soon in its short-term outlook.
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