Lucky Block Price Prediction- January 17
LBLOCKUSD price is likely to test the $0.0002500 supply level as the crypto is in the right position to buy at the moment. However, the price could still go higher if the buying crew increases its forces in the market. $0.02000 in the upper high level might be reached.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001800, $0.0001700, $0.0001600
LBLOCKUSD Long-term Trend: Bullish (1H Chart)
The LBLOCKUSD pair is trading in the bullish market zone. The price bar can be seen slightly above the EMA-9 approaching the overhead resistance.
The coin has been having a series of higher highs in the previous actions. However, during yesterday’s session, the Lucky Block price gave a bullish breakout at the $0.0001874 resistance level and this has sustained the bullishness of the coin.
Despite the interactions from the short traders, the bulls caused a rise to a $0.0001733 high level above the EMA-9 as the 1-hourly chart opens today. The price is fetching some fresh buying interest as sellers seemed exhausted. This means that the long traders are coming gradually to stage a play in the market.
Thus, buyers need to add more pressure to their activities to move the market beyond the current price level.
Hence, the market is pointing up on the daily stochastic, this will now compel the long traders to continue with the bullish correction pattern and as a result of that, the price of Lucky Block might possibly retest its previous swing high at $0.0002500 value and beyond soon in its long-term outlook.
LBLOCKUSD Short-term Trend: Bullish (15- Minute Chart)
The LBLOCKUSD pair is having a bullish posture as well in its short-term outlook. This is due to the high impact of the buy traders on the order flow. Further, the price action can be seen above the two EMAs.
The bullish impact on the coin in the past few minutes has made it capable for it to retain its uptrend in recent times.
The impulse move from the buy traders pushed the price up to a $0.0001736 high level above the moving averages shortly after the 15-minutes session opened today. This will enable the buyers to influence the price tendency.
Trading above the resistance line will give the bulls more tendency to influence the coin price and with this, the price could go higher to retest its previous high at the $0.0002500 level.
Likewise, with the stochastic indicator pointing upwards, if buyers should intensify their efforts and push the coin price above the $0.0002500 supply level, further selling pressure will be disturbed. With this, the price of Lucky Block may likely continue the bullish correction race and might possibly reach the $0.02000 supply level in the days ahead in its short-term perspective.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply