Lucky Block Price Prediction- September 8
LBLOCK price may likely soar higher any moment from now. The coin having reached the oversold area is poised for advancement. There is a possibility for the crypto to jump upside even more in the future to its previous swing high if the price is able to close above the $0.002500 resistance value. $0.003000 high level might be the target.
Key Levels:
Resistance levels: $0.001500, $0.001600, $0.001700
Support levels: $0.000820, $0.000720, $0.000620
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
LBLOCK is in a bearish scenario from a long-term perspective. The price is currently trading below the moving averages.
The price hovers at a $0.000830 low level slightly below the moving averages which are glued together.
If the price closes above this level would it would be a turnaround for Lucky Block. However, buy investors are advised to join the market now so as to gain more profits while buying at low prices.
Next, the momentum indicator pointing upward in the oversold region indicates that the bull race will resume fully soon and the target might be a $0.00300 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
The Lucky Block price trades in a bearish market in its medium-term outlook. The coin price is seen below the two EMAs.
The buy traders however caused a rise to the upside at a $0.000891 high level above the EMA-50 after which the sell traders dropped the price to a $0.000825 low level as the 1-hourly chart opens today. The coin now facing a correction at the $0.000839 supply level means that the bulls are set to move the price forward.
In addition, the price will rise further as the market is oversold already. This will compel the buy traders to resume the uptrend move soon; in this case, the $0.003000 resistance level might be the target in the medium-term view.
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