Lucky Block Price Prediction- January 12
LBLOCKUSD price might possibly break out from support and resume its uptrend soon if the bulls should trigger the buying pressure and break up the $0.0002294 resistance level, the coin price may prolong the correction rise to a $0.01000 high level. Thus, resulting in more gains and a clear buy signal for the bulls.
Levels:
Resistance levels: $0.0002300, $0.0002400, $0.0002500
Support levels: $0.0002100, $0.0002000, $0.0001999
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The momentum on the long-term outlook is bearish; this is due to the interference from the short traders. Further, the price of Lucky Block can be seen below the supply trend levels.
The bears’ pressure at the $0.0002064 in the previous action has made the crypto price remain below the moving average lines in its recent time.
The price opened higher at the $0.0002071 supply level, this was overridden by the sell traders as the coin price dropped to a low at the $0.0002057 value below the supply levels. Thus, the bulls are capable of pushing higher from this trend line as the market is oversold already. Thus, traders who buy the coin during the bearish market will also make gains in the future.
In addition, the stochastic signal indicates that the Lucky Block Market is oversold already. Therefore, the bulls are expected to emerge and push the crypto price into the resistance zone. If this can be achieved, the coin price might be extended to the $0.01000 supply level in the days ahead in its long-term outlook.
LBLOCKUSD Short-term Trend: Bearish (15-Minute Chart)
The currency pair is trading in a bearish market in its short-term outlook. This is due to the high influence of the sell traders. The interference from the bears at the $0.0002051 support level in the past few minutes has contributed to the bearishness of the crypto in its recent time.
Today, after hitting the $0.0002104 resistance mark, the Lucky Block price faces a strong rejection near the critical $0.0002058 support level as it forms a support zone. Hence, traders can use this opportunity to buy the currency pair at a low price for more future gains.
Meanwhile, LBLOCKUSD may possibly resume an upward race soon as the market now trades below the 20% range of the daily stochastic. The price might probably turn upside down and break out from the support level of $0.0002058 which may expose the coin price to $0.01000 in the latter days in its lower time frame.
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