Lucky Block Price Prediction – January 5
LBLOCKUSD price will jump soon as the selling pressure is winding off, so the coin price could be ready for an upward movement. If the buy investors could prove stronger the more and the price shows sustainability above the $0.0001900 resistance value, its upsides should extend further. Then we can expect a shift in trend to reach a $0.0002000 upper resistance level.
Levels:
Resistance levels: $0.0000600, $0.0000700, $0.0000800
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price is trading below the supply levels which confirms its bearish momentum in its long-term perspective. This is due to the high inflow of the sell traders. However, the coin price will jump soon as we can see a new correction in place.
The sustained bearish pressure in the past few days at the $0.0000547 support value has made the crypto price remain below the supply trend levels in its recent price level.
Meanwhile, the current price at a $0.0000619 high value below the supply trend lines as the daily chart opens today has not stale the market condition of the coin. Further, investors may seize the opportunity now and buy the coin at a lower price, and look for more gains ahead.
Meanwhile, further downsides are unlikely as the market price of Lucky Block now points up at the oversold region. This means that the coin price will jump soon, so we can now grow in confidence that a potential buy is coming near.
The price jump could hit the $0.0002000 upper resistance level in the coming days, indicating a strong supply zone for a potential BUY in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
According to the chart below, the medium-term outlook for the Lucky Block market is in a bearish trend zone.
The sell traders made a downward move to the $0.0000493 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.
Actions from the bears further dropped the coin price down to the $0.0000490 support level below the EMA-50 as the 4-hourly chart resumes today.
Hence, should the bulls exchange hands with the sell traders at the mentioned support and close above the $0.00001100 resistance value, additional intraday gains would be recorded for the buy investors.
Additionally, the price of LBLOCKUSD will jump soon as indicated by the daily stochastic which is trading at the oversold region of the daily stochastic. This will compel the bulls to resume the upward move and in this case, the coin price could jump higher to hit the $0.0002000 supply mark and beyond in the days ahead in its medium-term time frame.
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