Lucky Block Price Prediction- December 7
With the Bitcoin price crossing the $100k barrier, the LBLOCKUSD remains firm above the supply levels, showing positive signs above the $0.0000200 supply value, forming a golden cross-chart pattern. If the coin holders could prove stronger and increase the price above the $0.0000398 peak value, the rise may continue and extend further to reach the $0.0001200 resistance level, indicating a remarkable surge with potential gains.
Levels:
Resistance levels: $0.0000206, $0.0000207, $0.0000208
Support levels: $0.0000168, $0.0000167, $0.0000166
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The LBLOCKUSD pair remains firm above the supply trend levels following the recent rise in the crypto market in its long-term outlook. The price bars can be seen above the moving averages, suggesting bullish momentum.
The sustained bullish pressure on the cryptocurrency at the $0.0000206 supply level in the last session has enabled the coin price to remain firm above the supply trend levels in its upward growth.
Despite the interaction from the bears, the Lucky Block price remains above the supply levels at $0.0000208 as the journey up north continues after the daily chart opens today. The bulls remain dominant, and the market prices are at their disposal at the moment.
Further increase in the buying pressure will lead the price of Lucky Block to the $0.0000398 high mark, reflecting a surge in buyers’ interest in the token.
In addition, a bullish impact by the buy investors toward the higher side is likely as indicated by the momentum indicator pointing in an upward direction, the bulls could therefore aim at the $0.0001200 upper resistance value in the days ahead as the crypto remains firm above the supply levels in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The market price of LBLOCKUSD remains firm above the supply levels in its medium-term view due to the high inflows from the buy traders.
The bullish impact on the crypto to the $0.0000196 supply level during the previous action has sustained its firmness above the supply levels lately.
Today, the LBLOCKUSD price remains firm above the supply levels at $0.0000208 as the 4-hourly chart opens. The Lucky Block price looks promising as the bulls remain dominant. If the bulls increase their price action, and bullish momentum is sustained above the $0.0000292 resistance trend lines, further bearish sentiment will be hibernated.
Additionally, the daily stochastic remains upward. Hence, if the coin buyers can break above the $0.0000298 previous supply trend line, the market participants may witness a new recovery rally and this may likely reach the $0.0001200 high mark in the days ahead as the token price remains firm above the supply trend levels in its medium-term perspective.
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