Lucky Block Price Prediction- February 2
LBLOCKUSD is facing an increase in the buying pressure and it could continue to rally upside if all the current supports hold and the price breaks up the $0.0001718 resistance zone. The next price target could be the $0.02000 upper high level.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0001800, $0.0001700, $0.0001600
LBLOCKUSD Long-term Trend: Bullish (1H Chart)
Lucky Block is in a strong bullish trend in the long-term perspective. The price currently trades above the two EMAs, this confirms a bullish momentum.
The coin has been having a series of higher highs and higher lows in the previous action which have enabled the coin to remain stronger above the supply trend lines in its recent high.
The bulls made an upward move from the $0.0001647 to $0.0001671 resistance level above the two EMAs shortly after the 1-hourly session opened today. This enables the buy traders to influence the price tends to rise further. Also, this breakout triggers a smooth bull cycle pattern, which in theory, should lead the price of LBLOCKUSD to an overhead trend line.
In addition to that, the price action might possibly continue in an uptrend as the price indicator signaled upward; we can expect the price to reach a psychological $0.02000 supply level soon before we start seeing the negative move in its long-term outlook.
LBLOCKUSD Short-term Trend: Bullish (15-Minute Chart)The currency pair remains in a strong bullish market trend in its lower time frame. The market value of Lucky Block at the $0.0001671 high level can be seen above the moving averages which makes it capable for the coin to remain stronger. This is due to the high impact of the bulls in the past few minutes.
Furthermore, the LBLOCKUSD price indicates an upward momentum on the daily signal, this indicates that the pair will continue to increase to the upsides and this may get to the $0.02000 resistance trend mark soon in its lower-term outlook.
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