Lucky Block Price Prediction – December 21
The market price of LBLOCKUSD is on its way to the upper channel at the moment. With a bullish reversal pattern, the coin has reached bearish exhaustion as it remains above the $0.0000560 level. If the bulls can increase their efforts in the market, a potential breakout from the immediate resistance of the $0.0001900 level will provide additional confirmation for a bullish recovery. As the coin price rises further, the $0.001000 upper resistance level may become a target. Hence, a fantastic opportunity and a clear buy signal for long-term investors.
Key Levels:
Resistance levels: $0.0000900, $0.0001000, $0.0001100
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
Lucky Block‘s market value is rising in the long term view. The coin price has reached bearish exhaustion and remains above the $0.0000560 high level above the EMA-50, approaching the overhead resistance with massive volume from the bulls. As a result, the recent market structure has favored bulls.
The sustained bullish pressure at the $0.0000790 high level in the past few days has led to the coin’s recent high.
The bulls’ dominance in the market is confirmed by today’s daily bullish candle at $0.0000650 supply value above the EMA-50. This breakup has the potential to accelerate bullish momentum and extend the current correction to a higher level as the LBLOCKUSD price reaches bearish exhaustion.
Additionally, the price of LBLOCKUSD might increase further soon as the market price is also approaching the oversold region. This suggests that the bulls will soon cluster around the market more. In light of this, the price might bounce up to the $0.0010000 upper resistance level in the near days and beyond as the price reaches the bearish exhaustion in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The coin is also showing that the Lucky Block price has reached bearish exhaustion as it remains above the $0.0000560 price level in its medium-term outlook. This is due to the high inflow from the long traders.
The increase in the momentum by the bulls at the $0.0000645 supply value during yesterday’s session has enabled the LBLOCKUSD price to stay strong above the resistance lines in its recent high.
The market price of Lucky Block has just broken up the EMA-50 at the $0.0000650 supply level as the 4-hour chart opens today; this affirms the presence of more buyers in the market and also gives the crypto a high tendency to rise further.
Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $0.0001100 previous high, the resulting rally may surpass the $0.0001900 level and hit the $0.001000 psychological level at the upside as the crypto price reaches bearish exhaustion in its medium-term outlook.
You can purchase Lucky Block here. Buy LBLOCK
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