Lucky Block Price Prediction- November 16
The LBLOCKUSD price is likely to increase further and is an opportunity for long-term investors. If the current support at $0.0000213 value holds, and the daily chart closes above the $0.0000389 resistance level, buyers could strengthen their grip over the asset for a renewed correction trend to its recent peak level at $0.0000398 resistance trend line, fueling a high market interest among coin buyers.
Key Levels:
Resistance Levels: $0.0000218, $0.0000219, $0.0000220
Support Levels: $0.0000140, $0.0000130, $0.0000120
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The LBLOCKUSD pair will increase further, with the coin price eyeing the $0.0000398 resistance point as the market remains bullish in its higher time frame. The price is recovering and trades above the EMA-50, indicating an uptrend.
The bullish reversal at the $0.0000225 high value in the previous action has sustained the crypto price to increase further above the trend line in its recent high.
As an outcome of increased investors’ interest, buyers are hindering the market from smashing through the support zones. After updating the lows, Lucky Block’s price increased further and pulled back to the $0.0000219 resistance value above the EMA-50 as the daily session opened today.
Thus, the coin price will increase further if the buy traders can add more pressure to their buying actions in the market. The ongoing recovery rally may advance to the $0.0000398 peak value, signaling a possible bullish breakout.
Further, the daily stochastic indicates an uptrend; in this case, the price of LBLOCKUSD might continue its bullish trend pattern and could increase further to reach the $0.0001200 supply mark in the upcoming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD pair is bullish in its medium-term perspective. The price will increase further as the bulls continue their journey up north. The price is above the EMA-50 due to the high bullish impact on the market.
Today’s Lucky Block price increase to the $0.0000219 high level above the EMA-50 as the 4-hourly chart resumes reflects a renewed buying interest among the coin investors. Thus, buyers must redouble their efforts to forecast a bullish increase in the market above the $0.0000330 peak barrier.
Meanwhile, if the bulls could push harder and keep the coin price above the $0.0000330 previous high, the resulting rally will increase further to surpass the $0.0000450 level and hit the $0.0001200 upper resistance level in the days ahead in its medium-term perspective.
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