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Lucky Block Price Prediction: LBLOCKUSD Price Will Turn Positive Soon

Johnathon Fox
04/15/2023 | UPDATED ON: 04/15/2023

Lucky Block Price Prediction- April 15
LBLOCKUSD price is very likely to turn positive soon. The crypto might continue growing as we are seeing a bullish correction in place. The coin gave a bullish breakout from the $0.0001796 level, suggesting buyers are making a recovery attempt. Thus, if the crypto’s price could sustain above the $0.0003429 high level, the potential rally could surge higher to hit $0.01000 and beyond.

Levels:
Resistance levels: $0.0002400, $0.0002500, $0.0002600
Support levels: $0.0001700, $0.0001600, $0.0001500
Lucky Block Price Prediction: LBLOCKUSD Price Will Turn Positive Soon
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The LBLOCKUSD pair is trading in the bearish trend market in its long-term outlook. The price bar can be seen below the moving average lines and has confirmed its bearishness. The interference of short-term traders to the $0.0001704 low level in the previous action contributed to its bearish momentum.

The price drop to $0.0001782 by the bears below the two EMAs as the 4-hourly chart resumes today is a result of more commitment from the sell traders. Though, traders who buy in the bearish market will also make more future gains. Buyers must redouble their efforts to forecast a bullish increase in the market above the $0.0003429 high level.

Meanwhile, there is a possibility of price reversal at the mentioned support as the price of Lucky Block now approaches the oversold region. This means that the buying pressure is about to commence, therefore, if the bulls should add more efforts to their tension in the market, the bullish correction race could reach the $0.01000 resistance mark in the long-term perspective.

LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
The market price of LBLOCKUSD is currently trading in the bearish market zone. This is due to the interaction from the sell traders. The bulls were able to reach the high of $0.0001881 level during yesterday’s session while the pressure from the bears now dropped the price down to a low of $0.0001846 value.
Lucky Block Price Prediction: LBLOCKUSD Price Will Turn Positive Soon
The coin price at the $0.0001798 supply mark shortly after the 1-hourly chart opens today is a pullback by the bulls to invalidate any further bearish trend.

In addition, if the Lucky Block buyers could increase their buying pressure, the coin price will increase further as the bullish rally just started, with the look of things, the rally might possibly extend the coin price to a $0.01000 high value in the coming days in its medium-term time frame.

You can purchase Lucky Block here. Buy LBLOCK

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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