Lucky Block Price Prediction – January 19
It is time for the LBLOCKUSD to swing up again. The coin market has just resumed its recovery rally after completing the lows and from the look of it, it will keep growing. The bull race may likely continue into the key psychological level of $0.0002000 supply value and beyond before we see any signs of buying slowing down if the buy traders should put more aggression into the market.
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 Lucky Block price is losing bearish momentum as it swings up slightly above the resistance level in the long-term perspective.
The bulls caused a rise to the $0.0000443 supply level above the moving averages during yesterday’s session and sustained it. This has made it easier for the coin to remain in an uptrend in its recent price level.
Its resistance was finally broken at $0.0000496 and later rose to a $0.0000498 high level above the EMA-50 as the 4-hourly chart opens today. This however suggests a buy signal and will encourage buy traders to invest in the coin as potential future gains are guaranteed.
Thus, if bulls should increase their price actions, and swing up above the $0.0001200 previous high point, the bullish momentum will swing up further and extend the ongoing correction to a higher level.
Additionally, the LBLOCK pair can swing up further as indicated by the daily signal pointing upwards. In light of this, the coin price might swing up to reach the $0.0002000 supply value in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Despite the interference from the sell traders on the medium-term outlook, the LBLOCKUSD time to swing up again is now as the coin remains above the supply level.
The price of LBLOCKUSD was able to reach the $0.0000474 high value in the previous action which made the coin remain in an upward trend in recent times.
Today’s 4-hourly bullish candle at $0.0000497 above the moving averages confirms the bulls’ dominance in the market. This breakup may swing up the bullish momentum and extend the ongoing correction to a higher level.
Meanwhile, further upsides are certain as indicated by the price indicator pointing upwards, this means that a further swing up in the market value of Lucky Block is certain and in this case, the bullish correction pattern might extend the coin price to the $0.0002000 upper resistance value in the days to come in the medium-term outlook.
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