Lucky Block Price Prediction – January 22
Lucky Block is well on its way to the resistance to resume fresh uptrend. The recent market structure points to a rise shortly. There is a higher probability of a price-breaking resistance zone if the buy traders can double their efforts. The $0.0002000 upper resistance level could be the target.
Levels:
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000450, $0.0000400, $0.0000350
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD trades in the bearish trend zone in its long-term outlook. The intervention from the sellers slows the pressure from the bulls down. Notwithstanding, the bulls are not relenting and are therefore currently preparing to resume the fresh uptrend.
The bulls’ action increases the price of LBLOCKUSD up to the $0.0000473 resistance level below the moving average even as the daily session opens today. This is an indication that the bulls are set to resume the fresh uptrend.
Hence, with an increase in buying momentum, the bulls may break above the $0.0001297 previous high level which would intensify the buying pressure on the crypto.
Further, there is likely to be a potential increase in LBLOCKUSD soon as the market remains in an upward direction on the daily stochastic.
If that occurs and the bulls resume the fresh uptrend, the first upside target could be $0.0001228 followed by a $0.0002000 resistance level in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
On the medium-term time frame, the Lucky Block price has just resumed its fresh uptrend as the price can be seen above the EMA line. It means that the coin price is in a bullish market arena.
The sustained bullish pressure to the $0.0000466 high level in the previous action has led to the coin’s recent high.
Lucky Block’s price at the $0.0000473 resistance level can be seen above the moving average line as the 4-hour chart opens today. This suggests that the bulls have resumed the fresh uptrend to take over the market condition; therefore, if the bulls increase their tension in the market, the price tendency will rise above the key levels.
Adding to this, there is an indication of more positive moves ahead as the market now points up on the daily signal. It is expected of buyers to continue with the fresh uptrend move the price of LBLOCKUSD upward and turn the coin to a bullish market soon. The $0.0002000 in the supply area might be reached soon in its medium-term outlook.
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