Lucky Block Price Prediction – November 16
The LBLOCKUSD market has projected an uptrend, so a breakout is imminent as the crypto is currently running a bullish to bolster buyers’ recovery in LBLOCKUSD price. Based on the outlook, if the resistance level rises above the $0.0001602 high value, continuation to the upside is ensured and this may get to the $0.001000 upper resistance level.
Key Levels:
Resistance levels: $0.0000900, $0.0001000, $0.0001100
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Lucky Block is possibly making its way up from the support level after projecting an uptrend at the $0.0000277 level to overcome resistance to signal a pump up. Hence, a breakout is imminent as buyers are now set to drive the coin prices higher again in the long term.
The bearish pressure on the coin to a $0.0000266 low value during yesterday’s session has contributed to its bearishness in its recent low.
The cryptocurrency has completed its low dips and is now set for an upswing. The pullback at the $0.0000282 resistance level below the EMA-50, as the daily chart opens today, suggests the returns of the buy traders in the market. Traders are advised to use the opportunity to invest in the coin now at a lower price and make more gains.
Thus, a bullish breakout from the current resistance will trigger the reversal pattern and drive the prices of Lucky Block higher to hit the $0.0001602 previous supply value.
Further, the momentum indicator shows that the price signal is also moving upward in the market as we expect the price distribution to reach a $0.2000 high level soon as we watch the market turn bullish in the long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The market price of Lucky Block also projected an uptrend and breakout is imminent in its medium-term outlook. The coin price can be seen above the EMA-50 projecting an uptrend.
The coin made it to the $0.0000278 high level during the previous action and has made the price remain in green at the uptrend in its recent price level.
The market price of LBLOCKUSD which increases to a $0.0000282 high level above the moving average projects an uptrend in the context of the strength of the market and breakout is imminent. Therefore, closing the 4-hour session above the $0.0000319 previous high barrier will put the trade more on the buy side.
Notably, the LBLOCKUSD pair projected an uptrend by pointing up on the daily stochastic. This means that a breakout is imminent while the buying pressure may continue. As a result, a possible recovery of $0.001000 upper supply level could be reached in the coming days in the medium-term time frame.
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