Lucky Block Price Prediction – December 6
The LBLOCKUSD pair can revisit its previous high of $0.0001900 high value soon as the coin is now correcting the upside at the moment. If the forces from buyers in the market should increase and the coin prices sustain above the level of $0.0001250, the bulls’ trend would continue upward and possibly retest or hit the the$0.0001900 high level which could further extend the crypto price to the $0.001000 upper resistance level. Thus, a clear buy signal for the coin investors.
Levels:
Resistance levels: $0.0000900, $0.0001000, $0.0001100
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price is in a bearish trend with its prices traded in green below the EMA line in its long-term view. But it seems the bulls are about to take over and push the price higher to revisit the previous high sooner.
The sustained bearish pressure at the $0.0000296 support value during yesterday’s session has made the crypto’s price stay below the supply trend line in its recent high.
The crypto’s price rises to a $0.0000329 supply level slightly below the EMA-50 after the recent threat of increasing. This is a result of more concerns from the buy investors.
Further, should the bulls change their orientation and push higher the coin price may likely increase further to revisit the $0.0001900 high mark.
In addition, the daily stochastic suggests an uptrend continuation by pointing up. It is therefore expected of buyers to push the price of LBLOCKUSD further up to a significant level and this may revisit the $0.0001900 previous high which could lead the coin price to the $0.0010000 upper high level sooner in the higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Lucky Block turns positive today. The price is strongly trading in a bullish momentum in its medium-term outlook. Based on the outlook, the coin price may soon revisit the previous high of $0.0001900.
Pressure from the bulls at the $0.0000310 high value in the previous action has sustained its upward stability in its recent high.
Hence, after completing the lows, the LBLOCKUSD price moved significantly up to a $0.0000329 high level above the EMA-50 as a pullback from the bulls shortly after the commencement of the 4-hour chart today. This is due to a high bullish impact on the coin.
This bullish reversal pattern could assist the coin buyers in revisiting the $0.0001900 neckline and rising back to the overhead resistance zone.
Hence, LBLOCKUSD is showing more upside possibility as indicated by the momentum indicator pointing upward; we can certainly expect more gains and strength from the coin.
The pair may likely revisit the $0.00019000 resistance level soon to reach the $0.001000 upper high level in the days ahead in its medium-term perspective.
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