Lucky Block Price Prediction – December 27
LBLOCKUSD price is about to swing up and a break out is imminent as it resumes its bullish race. The coin is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their buying forces in the market and the price closes above the $0.0000330 supply trend line, strengthening buyers’ grip over the asset and a robust opportunity for buy trades.
Levels:
Resistance levels: $0.0000168, $0.0000169, $0.0000170
Support levels: $0.0000155, $0.0000154, $0.0000153
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block pair will swing up and a break out is imminent as it begins its upbeat trend in its long-term time frame. The bulls are trying and will not allow the support level to stay. The price is on its way up to the resistance area to invalidate the bearishness.
The bears’ pressure at the $0.0000149 support value in the past few days has contributed to its bearishness in its recent price level.
The LBLOCKUSD price is about to swing up and a break out is imminent as buyers made a correction at the $0.0000168 supply level below the EMA-50 as the daily chart resumes today, suggesting an intraday gain for buyers and creating a strong area of interest for buyers.
Hence, the price pointing upwards on the daily stochastic indicates that further upside is certain. It is expected that the pair swings up and breaks at the $0.0000330 to hit the $0.0001200 supply level in the days ahead 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, 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 at the present.
The LBLOCKUSD price is sitting at the $0.0000168 high level, slightly below the EMA-50 as the 4-hourly session opens, indicating the price will swing up and a break out is imminent. Thus, closing the 4-hourly session above the $0.0000300 will put the trade more on the buying side.
Hence, the Lucky Block pair pointing up on the daily stochastic suggests that the buying pressure may swing up and a break out is imminent, resulting in a possible recovery of $0.0001200 supply level in the coming days in the medium-term time frame.
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