Lucky Block Price Prediction – November 28
LBLOCKUSD price will rise soon and the buying time is near as the selling pressure is winding up gradually. The selling pressure may possibly end soon. If the investors could prove stronger the more, the coin price may turn upsides and show sustainability above the $0.0002000 resistance value, which could extend further to hit the $0.001000 high level and beyond.
Levels:
Resistance levels: $0.0001700, $0.0001800, $0.0001900
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD price is forming lower lows and lower highs below the supply levels on its long-term chart. Thus, the price will rise soon as the market approaches the oversold region at the moment.
The sustained bearish pressure during yesterday’s session has made the crypto price remain below the supply trend levels at its recent low.
Today, the bulls are trying hard to remain above the $0.0002000 supply mark, so there is a possibility for the coin price to pull back at the current support of $0.0000273 value to invalidate the bearish theory.
However, long traders can join the market or invest in the crypto with the current trend and buy at a lower rate for more gains in the future. This will reflect an increase in the trend momentum.
Similarly, should the bulls exchange hands with the sell traders at the $0.0000273 low value and close above the $0.0002000 previous resistance value, the LBLOCKUSD price will rise further to a $0.001000 upper resistance level which could lead to additional gains for the buy investors in its higher –term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The coin also trades in a bearish trend market in the medium-term outlook. This is due to the high impact of the short-term traders on the price flow. Hence, the price will rise soon and the buying time is near as we can see prices approaching the oversold region of the market.
The sell traders made a downward move to the $0.0000280 support level before the end of yesterday’s session. This gave sellers more strength to drop the price of LBLOCKUSD below the supply trend lines in recent times.
Actions from the bears further dropped the coin price down to the $0.0000273 support level below the EMA-50 as the 4-hour chart resumes today.
Thus, the anticipated bullish reversal could kick-start a new recovery cycle and may push the price above the $0.0000315 price level.
Additionally, the pair will rise soon as the price of Lucky Block approaches the oversold region at the moment. It indicates that the selling pressure will soon be exhausted. We will now be looking into the emergence of more buyers in the oversold region of the market.
This crossover could enable the price to rise soon and the breakout rally may hit the $0.001000 supply level in the days ahead in its medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
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