Lucky Block Price Prediction- November 28
LBLOCKUSD may likely increase to the upside. Based on the outlook, the coin price will surge higher as it rallies to the north. Hence, if the resistance level rises above the $0.0000389 value, the recovery rally may surge to hit the $0.0001200 upper resistance, securing impressive market momentum.
Key Levels:
Resistance levels: $0.0000160, $0.0000161, $0.0000162
Support levels: $0.0000149, $0.0000148, $0.0000147
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Lucky Block’s price will surge higher driven by renewed investors’ interest as the bulls are determined to move the coin price to a higher level. The price bar is below the EMA-50, suggesting a bearish trend.
Actions from the short traders at a $0.0000152 low value in the last session have dropped Lucky Block’s price beneath the supply trend lines in its recent high.
However, the price movement of LBLOCKUSD to a $0.0000160 high level below the EMA-50 as the daily chart commences today will surge higher as it continues to the north, fostering a higher price and resulting in an intraday gain for buyers.
Similarly, the momentum indicator pointing up, indicates that the Lucky Block price will surge higher, and a $0.0001200 high level might be the target in the days ahead in its medium-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The market price of LBLOCKUSD will surge higher as it starts to increase below the moving averages, suggesting a downward trend.
The sustained bearish pressure at the $0.0000152 support value in the previous action has enabled the crypto’s price to stay below the supply trend line in its recent high.
Hence, today’s market structure depicts the Lucky Block price will surge higher as the token price moves to a $0.0000160 high level below the EMA-50 as the 4-hourly chart resumes.
Thus, if market conditions remain favorable, the crypto price will surge higher to retest the $0.0000330 peak level, signaling the potential for significant gains as the uptrend resumes soon.
Likewise, the LBLOCKUSD pair pointing up on the daily stochastic suggests that the buying pressure may continue and a possible recovery of the $0.0001200 supply level in the coming days as the market anticipates a surge higher in the medium-term perspective.
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