Lucky Block Price Prediction – August 12
The Lucky Block (LBLOCKUSD) price will likely bounce up and the recovery rally could retest the $0.004450 resistance value soon. The crypto could go higher and continue its bullish correction to hit the $0.0004450 resistance level, if the price can break up the mentioned supply level, then we can expect a good upside momentum up to a $0.01000 high level and beyond leading to an intraday gain for coin buyers.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Lucky Block‘s price is forming lower lows and lower highs on its long-term chart. Further, the price is trading below the two EMAs; it means that it’s in a bearish market zone at the moment.
This is due to the high inflow from the sell traders. However, there is about to be a turnaround for the LBLOCKUSD buying traders as the coin market has just resumed its recovery rally.
The price drop to the$0.0000958 support value on the 6th of August has made the crypto price remain below the supply trend levels in its recent high.
Commitment from the buying crew now retraced the price of LBLOCKUSD from the mentioned support to a $0.0000913 high mark below the supply trend levels. Meanwhile, the current price shows a power struggle at a resistance point resisting the start of another bear cycle.
Thus, should the bulls change their orientation and the buying pressure persists, the coin will possibly give a bullish breakout of the bearish pattern to retest the $0.0004450 resistance value, this may eventually lead the Lucky Block price to the $0.01000 high mark in the coming days in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD is in a bullish market zone in its medium-term perspective. Buyers are hindering the market from smashing through the support zones because of low bearish momentum. Price is trading above the supply trend lines due to the high impact of buy traders in the previous action.
The coin price on the 4-hourly chart is currently facing resistance near $0.0000977 value and the coin is also approaching the retest of the previous high of $0.0001500 level.
Thus, the LBLOCKUSD price is likely to hold the $0.0000913 flipped support and obtain a higher footing to rise higher.
Similarly, the coin price shows more upside possibility as shown by the momentum indicator pointing up; we can certainly expect more gains and strength from the coin. The recovery rally might pump up to retest the $0.0004450 resistance value in the days ahead in its medium time frame.
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