Lucky Block Price Prediction- December 21
The LBLOCKUSD price having rebounded from the support level is likely to rise above the $0.002500 resistance value and face the positive side soon. If the forces from buyers in the market should increase and further selling pressure is hibernated, the coin price may likely rise above the $0.002500 resistance value and beyond.
Key Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0002100, $0.0002000, $0.0001999
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
As an outcome of low bullish momentum, the LBLOCKUSD trades in a bearish trend. Sellers are hindering the market from smashing through the supply zones.
Activities from the sell traders at the $0.002045 low value during yesterday’s session actually add to the bearish impact on the market. However, the bulls have made a turnaround planning for the next bullish rally.
Today, the Coin made it up to the $0.002077 resistance level after which the bears inroad and drop the market value of the coin down to a low of $0.002020 as the 1-hourly chart opens today. As a result of price rejection at this level, there was an immediate reversal at the $0.002057 supply level as buyers aim to push the coin price higher above the 0.002500 resistance level.
Further, the Lucky Block price however shows the continuation of bullish sentiment as indicated by the daily stochastic which is in an upward direction. This means that selling pressure is exhausted as the price continues to sustain an upward move. Therefore, we can expect the coin price to rise above the $0.002500 supply value which might possibly extend to the $0.02000 high mark in the long-term outlook.
LBLOCKUSD Short-term Trend: Bullish (15-Minutes Chart)
From here the price of LBLOCKUSD can be seen above the EMA-9 in the short-term outlook. This implies that the market is in a bullish mode. The bulls’ action at the $0.002144 supply value in the previous action has made it possible for the trend to remain in an uptrend.
Today, the price is making higher highs and higher lows. However, the coin now trades at the $0.002057 resistance value slightly above the EMA-9; this implies a gradual weakness in the strength of the sell traders while buyers are becoming more active.
If additional buying pressure is added the price of Lucky Block may likely rise above the $0.002500 high mark. This will however give the buy traders the tendency to further ladder up the trend.
In addition, there is a possibility of more upsides as shown by the daily stochastic pointing up; it is expected of the long traders to continue with the bullish race to a significant level and break above the $0.002500 supply value soon in the lower time frame as we watch the market turns bullish.
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