Lucky Block Price Prediction – March 2
The LBLOCKUSD sellers are holding back at the moment due to the aggressive recovery trend in the crypto market. A bullish breakout from the falling wedge pattern at the $0.00007000 supply level indicates the downward trend has reached maturity. The crypto can swing up further and test the supply level of $0.0000940. Should the bulls increase their pressure, the resistance level of $0.0000940 may not hold and it may extend to a $0.0001200 high level and beyond, supporting potential recovery to the key resistance level.
Key Levels:
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The LBLOCKUSD sellers are holding back due to high buying activities in the coin market in its long-term outlook. Further, the coin prices are traded above the EMA-50, this confirms a bullish trend.
The previous action by the bulls at the $0.0000675 high level during yesterday’s session has sustained the coin price to remain above the trend line in recent times.
Today, while sellers are holding back, the bulls’ action increases the price of Lucky Block up to the $0.0000700 resistance level above the supply trend levels as the daily session opens today.
A break above the $0.0000940 value would reflect an escalating enthusiasm among traders and intensify the buying pressure on the crypto.
Further, if the coin buyers could reach the $0.0000940 high mark and close a candle, closing above the mentioned resistance will signal a potential crypto signal for BUYERS. As a result, the price of LBLOCKUSD could pump or surge upsides to hit the $0.0001200 resistance value soon as sellers are holding back in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The medium-term outlook of Lucky Block shows that sellers are holding back as prices are seen progressing up towards the upper high level, indicating a strong bullish trend.
The high bullish impact on the crypto at the $0.0000675 high level in the previous action has contributed to its bullishness in its recent high
The market price of LBLOCKUSD is currently trading at the $0.0000700 supply level above the moving average lines. This means that sellers are holding back while the bulls are in control of the market at the moment.
Thus, a possible breakout from the mentioned supply will accelerate the buying momentum and push the prices of Lucky Block higher to hit the key significant level at the upside, bolstering buyers for a sustainable rally.
In addition to this, the daily signal indicates an uptrend, based on the outlook, should the bulls push higher and close above the $0.0000700 high mark; further bearish sentiment will be aborted.
Doing so will offer a higher footing for buyers to prolong this recovery. Thus, a post-retest rally may drive the prices high to hit the $0.0001200 resistance trend levels soon as sellers are holding back in its medium-term perspective.
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