Lucky Block Price Prediction: LBLOCKUSD – December 3
LBLOCKUSD is about to swing up, and a breakout is imminent as the bulls anticipate a robust trajectory. The crypto has just resumed its bullish race, 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 $0.000398 supply trend line, the potential rally may swing to a $0.0000800 upper resistance level, resulting in a high buying opportunity for traders.
Levels:
Resistance levels: $0.0000179, $0.0000180, $0.0000181
Support levels: $0.0000155, $0.0000154, $0.0000153
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block pair breakout is imminent as the bulls anticipate swinging the coin price in its higher time frame. The price is below the moving average, suggesting a bearish momentum. The bulls are also trying and will not allow the support level to stay.
The price is moving to the resistance area to invalidate the bearishness. The bears’ pressure at the $0.0000151 support value in the last session contributed to the bearishness in the recent price level.
The LBLOCKUSD price is about to swing up, and a breakout is imminent. As the daily chart opens today, the bulls corrected at the $0.0000179 resistance level below the EMA-50, resulting in an intraday gain for coin buyers.
Thus, if the bulls breach the $0.0000398 high, the next resistance level to watch out for would be around the $0.0000450 level.
Hence, the Lucky Block price pointing upwards on the daily stochastic suggests that the token price may swing up and a breakout is imminent. As a result, the buy investors might drive the coin price to reach the $0.000800 supply level in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD indicates an upward trend with a bullish sentiment in its medium-term perspective. The coin is trading above the EMA-50, indicating a bullish trend. However, the market is presently facing resistance at the recent high due to the returns of the bulls into the market.
The Lucky Block price action depicts a potential breakout as the price rises to a $0.0000179 high level above the moving averages as a retracement move, affirming the presence and impact of the bulls in the market.
Thus, closing the 4-hourly session above the $0.0000330 will accelerate the buying forces and put the trade more on the buying side.
Hence, the LBLOCKUSD pair pointing up on the daily stochastic indicates that the pair may swing up and a potential breakout is imminent. In light of this, the buying pressure may continue and suggests a possible recovery of the $0.000800 supply level in the coming days in the medium-term time frame.
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