Lucky Block Price Prediction- March 23
The Lucky Block price is very likely to rise above the supply levels to retest the previous high of $0.0003429 as we are seeing a bullish correction in place. Should the bulls add more efforts to their buying pressure this coin price may rise to retest the aforementioned supply and extend to the $0.0200 supply level and beyond.
Levels:
Resistance levels: $0.0002300, $0.0002400, $0.0002500
Support levels: $0.0001700, $0.0001600, $0.0001500
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
Lucky Block‘s price is in a bullish market at the moment. The coin rebounded after its massive drops and now trades above the EMA-50. The market shows that the price may now be trading in a new ascending channel.
During yesterday’s session, the bulls were able to push the cryptocurrency up to the $0.0002599 barrier level, boosting the price and preparing it for an uptrend in its recent high.
Today, the coin price at a $0.0001747 supply mark is 10% up and showcases a reattempt to challenge the overhead resistance as the 4-hourly chart opens today.
Thus, the coin price at the mentioned resistance value which is above the EMA-50 suggests that the bulls remain dominant in the market. This will give the buy traders the motive to influence the price tendency.
In addition, further upsides are likely as the price of LBLOCKUSD now points up as indicated by the price indicator. This means that the coin price will likely go higher while the bulls continue to dictate the price action of the market. This might possibly extend the coin price to retest the $0.0003429 previous high trend to reach the $0.02000 supply value in the days ahead in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
The momentum on the medium-term (1H) is undeniably bearish. The price of LBLOCKUSD is slightly below the moving averages, this means it’s in a bearish market. The bears’ pressure on the crypto at the $0.0001898 low value during the previous action has led to its bearishness.
The bears made a drop to the $0.0001704 support level below the moving averages as the 1-hourly chart resumes today.
However, traders may seize this opportunity and buy the coin at this trend at a lower price for more future gains.
Further, continuation to the north is likely as the market now points up in the oversold region of the daily stochastic, so, a possible reversal is likely at the mentioned support.
Therefore, the buy traders are expected to move the price of Lucky Block up as a result of this the price might possibly rise to retest the previous high of $0.0003429 to hit the $0.2000 resistance trend line as the journey up north resumes soon in its medium-term outlook.
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