Lucky Block Price Prediction- May 13
LBLOCKUSD price will keep rising based on the outlook. The crypto at the moment is currently recovering and facing the upper channel. Thus, if the coin closes above a $0.0002681 high mark, the accelerated buying pressure may increase the price to hit the $0.02000 upper resistance level, resulting in an intraday gain and a potential buy signal for the coin holders.
Levels:
Resistance levels: $0.0002100, $0.0002200, $0.0002300
Support levels: $0.0001600, $0.0001500, $0.0001400
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
LBLOCKUSD turns positive today, as can be seen from the chart above. The coin price now trades in the upper channel of the market and confirms a bullish race. This is due to the high impact of the buy investors in the coin market.
The sustained bullish pressure pushed the currency pair up to the $0.0001618 supply level during the previous action and sustained it. This has made it capable for the coin to remain firm in an uptrend in its recent high.
The momentum continues today as the bulls made a corrective move to a high at the $0.0001657 mark above the supply trend levels as the 4-hourly chart opens today. This shows the high impact of the buy investors on the Lucky Block market; likewise, the downside risk remained uncertain.
As of now, the price signal is pointing upwards indicating a bullish move and in this case, the price of Lucky Block will keep increasing and could jump up to hit the $0.0200 upper supply mark sooner in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
The high inflows from the buy traders also made the LBLOCKUSD price trade in the bullish trend zone in its medium-term outlook.
The sustained bullish pressure pushes the pair further up at the $0.0001618 resistance level and sustained it in the previous action. This made it possible for the coin to retain its upward strength in its recent high.
The strong push by buyers to the $0.0001618 resistance trend line above the moving averages as the 1-hourly chart opens today shows that the buying activities are rising. Thus, if the long traders could break above the $0.0002089 supply mark, the bearish thesis will be invalidated.
Likewise, there is a possibility of more upsides as indicated by the price signal which is pointing in an upward direction. This may extend the price of Lucky Block to a high at $0.00200 upper resistance value soon in its lower time frame.
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