Lucky Block Price Prediction – August 23
The LBLOCKUSD price will increase further as it is well on its way to the resistance, indicating buyers are still strong in the market. The recent market structure points to a rise shortly. The vital resistance for the coin is found near the $0.0000199 supply zone. However, the price can go higher if the current support at $0.0000171 holds and the bulls should put in more aggressive efforts, the price may reach a $0.0001200 high level, replenishing the recovery sentiment.
Levels:
Resistance levels: $0.0000198, $0.0000199, $0.0000200
Support levels: $0.0000150, $0.0000149, $0.0000148
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The daily chart of the LBLOCKUSD market shows that the price will increase further amid the recent upsurge in the crypto market. The coin price is above the EMA-50, suggesting a bullish momentum.
Increased activity of the bulls to a $0.0000203 high mark in the past few days has encouraged the Lucky Block buyers to increase the coin price above the supply levels in its recent high.
As an outcome of low bearish momentum, buyers are hindering the market from smashing through the support zones. The LBLOCKUSD price at a $0.0000199 high value is undeniably bullish as the daily session opens today.
Thus, the price will increase further if buyers can redouble their efforts to forecast a bullish increase in the market above the $0.0001099 supply mark.
Notably, the daily stochastic remains in an uptrend, suggesting that the Lucky Block price will increase further and continue in the same bullish trend. So, the price could be ready very soon for a bullish pattern continuation.
In this case, a significant level above the $0.0001200 supply trend line might be the target soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The Lucky Block pair is trending below the EMA-50, indicating that the price will increase further as it faces the resistance levels in its medium-term outlook. The price opened lower but traded in green over the past few minutes.
The coin price finds reliable resistance at around the $0.0000199 supply mark below the EMA-50, resulting in intraday gains as the 4-hour session resumes today.
However, the LBLOCKUSD price will increase further, and its bullish growth will face a formidable resistance trend line at the $0.0000218 mark, which may invalidate the selling pressure.
In addition, further upsides are likely as indicated by the price signal pointing upward, indicating that the Lucky Block price will increase further to continue the bullish correction rally fully, and this time around, the bulls may likely hit the $0.0001200 supply level soon in the medium term perspective.
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