Lucky Block Price Prediction – January 24
The Lucky Block (LBLOCKUSD) price will jump soon. The selling pressure may end soon and the coin price could be ready for an upward movement. If the buy investors could prove stronger the more and the price turns positive and shows sustainability above the $0.00001228 resistance value, its upsides should extend further. Then we can expect a shift in trend to reach a $0.0002000 upper resistance level.
Key Levels:
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price is forming lower lows and lower highs on its long-term chart. Further, the price is trading below the two EMAs; which means that it’s in a bearish market zone at the moment. However, the crypto price will jump soon as the selling pressure seems exhausted.
The sustained bearish pressure in the past few days has made the cryptocurrency price remain below the supply trend levels at its recent low.
Meanwhile, the current price at a $0.0000432 low value below the supply trend lines 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 LBLOCKUSD has reached the oversold region. The coin will jump soon to resume an uptrend, so we can now grow in confidence that a potential buy is coming near.
The price jump could hit the 0.0002000 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)
In the LBLOCKUSD 4-hour market, it could be seen that the price action is forming lower lows and lower highs indicating a bearish trend. Thus, there is about to be a price jump soon as the market is currently oversold.
The sell traders made a downward move to the $0.0000437 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 price of Lucky Block down to the $0.00000431 support level below the EMA-50 as the 4-hour chart resumes today.
Hence, should the bulls exchange hands with the sell traders and close above the $0.0000568 resistance value, additional intraday gains would be recorded for the buy investors.
The Stochastic is also showing the market is already oversold. This means that the selling pressure will end and the price will jump soon. This will compel the bulls to resume the bullish trend to retest the $0.0000568 supply level; the $0.0002000 resistance level might be reached in the days to come in its medium-term outlook.
You can purchase Lucky Block here. Buy LBLOCK
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