Lucky Block Price Prediction – November 22
The market value of LBLOCKUSD is presently going up. The coin will go higher making it an excellent time for coin traders to purchase. The coin price is going higher presently and the potential recovery could help buyers reach the $0.001000 upper high level, indicating an 80% growth opportunity if the coin price could hold above the pattern supply trend line and revisit the previous high of $0.0001602 value. A buying period for the coin dealers is ensured.
Key Levels:
Resistance levels: $0.0001000, $0.0001100, $0.0001200
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The price of Lucky Block is currently trading in a bearish zone in its long-term view. However, the coin price will go higher as we can see a new correction phase in place.
The pressure from sellers to a $0.0000270 low value in the previous days actually adds to the bearish impact on the market in its recent low.
However, the bulls override this and move the coin price up to the $0.0000297 resistance level slightly below the EMA-50 as the daily chart opens today. This assures or confirms the bull’s gradual return to the market and also suggests that the coin price will go higher to the key resistance levels.
Hence, should the bulls increase their buying motives, the previous high of $0.0001602 value might be retested soon.
Additionally, there is likely to be a further increase in the price of LBLOCKUSD as indicated by the daily signal which is pointing upwards. We can therefore expect the buy traders to push the coin price above the overhead resistance trend line which may possibly go higher to reach the $0.001000 upper high mark in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD pair remains positive and will still go higher on the 4-hour chart. The coin price is now trading above the moving averages with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.
However, the bulls’ pressure to the $0.0000282 high value in the previous action has sustained the coin price above the resistance trend levels in its recent high.
Earlier today, the long traders caused a rise in the price of Lucky Block to a high of $0.0000289 level above the moving average 50. This current trend will enable the price to remain in the upside and go higher or break out to the upside which will create a strong area of interest for buyers.
Adding to this, with the price pointing upwards on the daily stochastic means that further upside is certain. It is therefore expected that the price of LBLOCKUSD will go higher and may likely hit the $0.001000 upper resistance level in the coming days in its medium-term time frame.
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