Lucky Block Price Prediction: LBLOCKUSD Price Will Jump Soon

Lucky Block Price Prediction: LBLOCKUSD Price Will Jump Soon
The Lucky Block price will jump soon as the coin is in an attempt and get ready for the next upward performance. The coin price is struggling heavily not to fall and it could remain and continue to face the positive side if the bulls should intensify their effort and break up the $0.0001602 resistance level. The coin may likely be heading towards the $0.002000 upper high level leading to an intraday gain for the coin traders.

Key Levels:
Resistance levels: $0.0001000, $0.0001100, $0.0001200
Support levels: $0.0000500, $0.0000400, $0.0000300

LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair is trading in the bearish trend market in its long-term outlook. The price bar can be seen slightly below the moving average line and has confirmed its bearishness. Thus, the coin price will jump soon as the market now approaches the oversold region.

The interference of short-term traders to the $0.0000249 low level in the past few days has contributed to its bearish momentum in its recent low.

The drop in the price of Lucky Block to the $0.0000238 low value as the daily chart commenced today is due to low bullish momentum. This will soon be nullified and the price will jump soon as the coin market approaches the oversold region.

With the overall market trend still bearish, if the bulls could exchange hands with the short traders at the mentioned support, the LBLOCKUSD price is likely to plunge higher and retest the high accumulation zone of $0.0001602 level.

Adding to this, the price of Lucky Block will jump soon as indicated by the daily signal which now approaches the oversold region. This means that the market price will turn positive soon and this might hit the $0.002000 upper high mark in the coming days in a higher time frame.

LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is also showing a bearish sentiment in its medium-term time frame. The price actions can be seen below the moving averages.

The bearish pressure on the crypto during the previous action has made the coin price stay below the supply trend lines. However, the market is presently facing resistance at the recent high and may likely jump up soon.

Now, LBLOCKUSD’s price at the $0.0000279 resistance value, slightly below the EMA is an indication that buyers are gradually returning to the market. Hence, a strong push above the $0.0000347 supply level will offer strong resistance to the crypto price.

Notably, the market price of Lucky Block suggests an uptrend on the daily signal. Therefore, we can now grow in confidence that a potential buy is coming near.

In light of this, the price jump could hit the $0.002000 resistance level in the coming days, indicating a strong supply zone for a potential BUY in its medium-term perspective.

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