Lucky Block Price Prediction – August 9
LBLOCKUSD recovery pattern might reach the above-mentioned resistance level, as the price is currently running a bullish race and remains stable. The price might head to the $0.020000 resistance level as the crypto faces high pressure from the bulls. Thus, a sharp breakout and closure above the previous level of $0.0003429 will invalidate any bearish thesis and the coin price might reach the high of$0.02000 upper resistance level and beyond.
Levels:
Resistance levels: $0.0001999, $0.0002000, $0.0002100
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair is in a bearish trend zone in its long-term outlook. The price bars can be seen slightly below the moving averages which indicate a bearish momentum. The crypto price has walked a lateral path, trying to sustain above the $0.0001384 supply level.
Pressure from the short traders at a $0.0000905 low value in the past few days has contributed to its bearishness in recent times. However, the set time to go higher has come for the Lucky Block price as the long investors have just resumed the bullish pattern rally.
The long traders made an increase to a $0.0001006 high value below the EMA-9 as the daily chart opens today. This indicates that the buy investors are actually dealing in the coin investment.
Therefore, if the support trend line holds, a 3.5% short jump is expected before a potential breakout above the supply trend line, which could lead to a 26% surge and a rechallenge of the $0.0003429 price level.
Additionally, the LBLOCKUSD price is also pointing upwards on the daily stochastic, this suggests that the coin price may likely continue in an upward direction which could reach the $0.020000 resistance trend line in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Amid increased supply pressure in the broader market, LBLOCKUSD’s price is trading in an ascending channel in its medium-term outlook. So it seems likely that the bulls are about to take over and push us higher.
The bullish impact on the crypto to a $0.0000987 high level in the previous action has recently sustained its firmness above the supply levels.
Buyers are confident about gaining higher levels by moving the price of Lucky Block to the $0.0001006 resistance value above the two EMAs as the 4-hourly chart opens today; this confirms their high impacts on the market at the present.
With sustained buying, the long traders could break above the $0.0001478 barrier, such a breakthrough would provide an opportunity for buyers to regain control and potentially drive the price toward the upper resistance levels.
In addition, more upsides are still coming as shown by the stochastic oscillator pointing upwards to indicate an uptrend. With the look of things, the recovery pattern may therefore reach the $0.02000 resistance level in no long time on the medium-term outlook.
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