Lucky Block Price Prediction- January 4
The Lucky Block price is in an ascending channel and also spotted for the next bullish rally. The coin is slightly in favor of the bulls. We can see a bullish reversal price action, and the price could be ready very soon for another potential upward move. However, a breakup at the $0.0003048 resistance level will result in more gains for the bulls.
Key Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0002200, $0.0002100, $0.0002000
LBLOCKUSD Long-term Trend: Bullish (1H Chart)
Despite the interference from sellers, the LBLOCKUSD price still trades in the bullish trend market. The price is trading above the supply trend lines again. This however confirms the presence of more bulls’ impact on the coin.
The price has been trading in green in the past few hours and has made it possible for the crypto to remain in an uptrend at the moment.
It’s nice to see a strong buying reaction from the price at the $0.0002270 supply mark where lots of contracts are accumulated as the 1-hourly session begins today.
If the bulls could push harder and with sustained buying pressure, it is likely to retest the $0.0003048 supply zone which could result in intraday gains for the coin holders.
Hence, the market is in an upward direction on the daily signal. We have a bullish bias that the market value of Lucky Block will rise further to the upside if the buying pressure should increase.
Currently, the coin price is making a correction, there may be a potential further rise in the coin price and this may possibly retest the previous high at the $0.003048 resistance value which may eventually extend to the $0.001000 supply mark soon in its higher time frame.
LBLOCKUSD Short-term Trend: Bullish (15-Minute Chart)
The Lucky Block market is having a bullish posture in its short-term outlook. The prices are above the moving averages and have confirmed a bullish momentum is breaking the previous high.
The coin market has been having consistent buying pressure in the past few minutes and has made the crypto gain more strength above the supply trend levels.
The coin price finds a reliable resistance at the $0.0002276 high level above the moving averages as the 15-minute chart opens today, resulting in intraday gains for the coin buyers. This indicates an uptrend in the context of the strength of the market. Thus, a further rise is possible if the bulls should add more power to their price action in the market.
In addition, the coin is facing upwards as indicated by the daily stochastic, if the crypto’s price breaks above the $0.003048 resistance trend line, the breakout pattern or rally may lead to the $0.02000 supply mark in the coming days in its lower time frame.
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