Lucky Block Price Prediction – July 15
The LBLOCKUSD pair is gathering momentum as the price reverses and starts to increase due to the commitment from the bulls. The selling pressure has eased, and an upward increase in the coin price may be imminent. The price should rise higher to retest its previous high of $0.0001099 value if the buy investors can demonstrate their strength and sustain the price above the $0.0000885 resistance value. Then, a shift in trend is expected to hit the upper resistance level of $0.0001200, bolstering the buy traders for a higher gain.
Levels:
Resistance levels: $0.0000550, $0.0000600, $0.0000650
Support levels: $0.0000150, $0.0000145, $0.0000140
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD price seems to have reversed as the price starts to increase, but the overall trend is still bearish in its long-term outlook. The price is below the EMA-50, suggesting that the coin market is bearish.
The sustained bearish pressure during yesterday’s session has made the Lucky Block price remain below the supply trend levels in its recent low.
A rise to a $0.0000168 high level below the EMA-50 by the bulls as a pullback shortly after the daily chart opens today affirms the returns of the long traders into the market as it reverses and starts to increase. Meanwhile, traders can join the buying crew at this trend to buy the asset at a lower rate for additional gains in the future.
Thus, the price of Lucky Block is likely to increase if the bulls can redouble their efforts and push above the $0.0001099 previous accumulated barrier level.
Notably, further downsides are unlikely as the market price of LBLOCKUSD suggests an uptrend on the daily signal. Therefore, buyers can now grow in confidence that a potential buy is coming near.
In light of this, the price jump could hit 0.0001200 upper resistance level in the coming days, indicating a potential BUY as the crypto reverses and starts to increase in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The Lucky Block price can start to increase as it begins its rising pattern to shake away the bearish thesis in the medium-term outlook. The crypto price is trending upward above the supply levels, confirming its bullishness.
The pressure from the bulls at the $0.0000181 supply value in the previous action has made it possible for the coin to reverse and start to increase above the trend line in its recent high.
Earlier today, at the time of writing the article, after updating the lows of yesterday at $0.0000171 value, the market price of LBLOCKUSD reversed and started to increase to a $0.0000166 high level above the moving average as the 4-hourly session opened today, suggesting the return of the bulls to the market and an improved bullish market sentiment.
The coin is currently witnessing a renewed recovery sentiment among investors. Thus, closing the 4-hourly session above the $0.0000277 supply level will encourage more buyers to the crypto market for an investment opportunity.
The pair indicates a more upward trajectory by pointing upwards on the daily signal. It indicates that. It implies that the selling pressure has ended.
The emergence of more bulls is crucial at this time and this could encourage the breakout rally to hit the 0.0001200 supply level in the days ahead as the coin price reverses and starts to increase in its medium-term time frame.
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