Lucky Block Price Prediction- December 16
The LBLOCKUSD pair now threatens the next recovery rally as the coin price is on its way to the upside. The crypto having completed the dip-lows at the $0.0002112 value has decided to face the positive side. If coin holders could push higher and the crypto’s price sustains above the $0.002500 supply level, the potential rally could surge higher to hit $0.01000 and beyond.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0002100, $0.0002000, $0.0001999
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The Lucky Block market is in a bearish trend zone in its long-term outlook as can be seen from the chart above. It also shows the impeding next big move in the price. The price rejection at the $0.0002156 resistance value in the previous action shows how committed the buy traders were in the last few activities.
After completing the downside moves by the short traders, the buy investors made a correction at the $0.0002132 high mark below the resistance lines as a threat to a new bull cycle. This however creates a strong area of interest for the buy traders.
Similarly, the price of LBLOCKUSD now points upwards in the oversold region of the daily signal, this means that selling pressure has been exhausted so continuation to the upsides is possible. This implies that the bullish trend will most probably continue and the pattern might hit the $0.01000 resistance trend line soon as well as a potential buy signal in its long-term view.
LBLOCKUSD Short-term Trend: Bearish (15-Minutes Chart)
The LBLOCKUSD pair is in a bearish market zone in its lower time frame. The trend has been making higher highs and higher lows in the previous action after which the bears took over from there at the $0.0002141 low value.
The bulls could not relent anyway, so, the price movement after dropping to a $0.0002118 low level shortly after today’s 15-minute session opening, the price of Lucky Block jumped up to a $0.0002126 high mark This will however put the crypto more on the buy side as this is an attempt for another bullish rally.
Additionally, the pair now trades below the 20% range of the daily stochastic, this will enable the bulls to cluster around the market for the next bullish recovery and this may likely extend the coin price to the $0.01000 supply level in the coming days in its lower time frame.
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