Lucky Block Price Prediction – November 25
LBLOCKUSD is about to surge, and a breakout is imminent as it progresses toward the resistance levels driven by heightened trading activity. The coin is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, and the price closes above the $0.0000398 supply trend line, the next resistance level to watch out for would be around the $0.0001200, signaling robust engagement from traders.
Levels:
Resistance levels: $0.0000180, $0.0000181, $0.0000182
Support levels: $0.0000146, $0.0000145, $0.0000144
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block pair is about to surge and break out is imminent as the new correction begins to take place in its long-term time frame. The bulls are also trying and will not allow the support level to stay. The price is up to the resistance area to invalidate the bearishness.
The bears’ pressure at the $0.0000164 support value in the past session has contributed to the stock’s bearishness at its recent high.
The LBLOCKUSD buy traders corrected the $0.0000178 supply mark and rose to a $0.0000181 high value to resume its next surge as the daily chart resumes today.
The current price level shows an intraday gain and will assist the coin buyers to continue with the surge to break above the $0.0000398 prior peak level. This however creates a strong area of interest for buyers.
Hence, with the price of Lucky Block pointing upwards on the daily stochastic, further upside is certain. Therefore, the coin price will surge, and a break out is imminent to reach the $0.0001200 supply level in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
LBLOCKUSD indicates a downward trend with a bearish sentiment in its medium-term perspective. The coin is trading below the EMA-50, indicating a bearish trend. However, the market is presently facing resistance at the recent high due to the returns of the bulls into the market.
The price action which increases from the $0.0000180 level to the $0.0000181 resistance level below the moving averages as a retracement move, affirms the presence and the impact of the bulls in the market. Thus, closing the 4-hourly session above the $0.0000330 will put the trade more on the buying side.
Hence, the LBLOCKUSD pair pointing up on the daily stochastic suggests the coin price will surge, and a breakout is imminent, suggesting a possible recovery of the $0.0001200 supply level in the coming days in the medium-term time frame.
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