Lucky Block Price Prediction – January 17
LBLOCKUSD is making a new correction as it is about to resume its fresh uptrend. Cryptocurrency is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the coin price may likely swing up or surge higher to hit the $0.0002000 upper resistance level and beyond.
Levels:
Resistance levels: $0.0000600, $0.0000700, $0.0000800
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
As shown in the chart, the price of LBLOCKUSD is trading below the supply levels which indicates a downtrend. There is about to be a turnaround for the coin investors as the coin buyers are set to resume the fresh uptrend.
In the previous action, the price has been making both lower lows and lower highs; this has made the crypto price remain below the supply levels in its recent price level.
The Lucky Block price earlier today gave a bullish impulse move from $0.0000441 to $0.0000454 supply value below the moving average, which gave the coin the tendency to rise further as it resumes its fresh uptrend.
A strong push by the long traders above the $0.0001602 previous high mark with a daily candle closing would provide an opportunity for buyers to regain control over the market.
Further, there is likely to be a potential increase in LBLOCKUSD soon as the market remains in an uptrend on the daily signal.
If that occurs, the first upside target of the fresh uptrend could be the $0.0002000 upper resistance value in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
In the medium-term time frame, the LBLOCKUSD is about to resume its fresh uptrend below the EMAs, which means that the price is in a bearish market arena.
The order flow by the sell-term traders at the $0.0000431 low value during yesterday’s session has made the coin price reduce a bit in price in its recent price level.
The coin price at the $0.000454 supply mark shortly after the 4-hourly chart opens today is an indication that buyers have resumed the fresh uptrend to invalidate any further bearish cycle.
If the bulls should increase their price action, and bullish momentum is sustained far above the resistance trend lines, further bearish sentiment will be hibernated.
In addition, the Lucky Block price pointing up on the daily stochastic suggests that the bulls might continue the fresh uptrend; hence, more buyers’ participation is a prerequisite at the moment. We expect the coin price to reach the $0.0002000 upper resistance value amid sustained buying pressure in the coming days in its medium-term perspective.
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