Lucky Block Price Prediction – December 20
The market price of LBLOCKUSD is on its way to the upper channel at the moment. The coin price is bound to retest the $0.0001602 previous high point if the bulls can add more aggression to their buying pressure. Based on the outlook, if the resistance level rises above the $0.0001602 value, a continuation of the upside is ensured.
Key Levels:
Resistance levels: $0.0000900, $0.0001000, $0.0001100
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
Lucky Block is possibly making its way up after hitting the $0.0000598 support level to overcome selling pressure to signal a pump-up in its higher time frame. It looks like the price will want to bounce up again to retest the previous supply value at $0.0001602.
The sustained bullish pressure to a $0.0000614 high level in the previous action has led to the coin’s recent high.
The crypto’s price rises to a $0.0000875 supply level above the EMA-50 after the recent threat of increasing as the daily chart opens today. The coin might jump to retest the $0.0001602 supply level amid renewed buying momentum if the sell traders reduce their tension in the market.
Additionally, the underlying sentiment suggests that the uptrend will continue to retest the $0.0001602 supply value soon, as indicated by the daily stochastic. Buyers are expected to push the price of LBLOCKUSD higher to a significant level, and in this case, the target might be the $0.0002000 supply level in the higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Lucky Block is also rising in its medium-term outlook. The coin price may rise to retest the previous supply level soon as we can see the coin price strongly trading in a bullish momentum above the EMA-50.
Earlier today, the bulls made it to a $0.0000688 high mark above the EMA-50 as the 4-hour chart resumes. This indicates a bullish trend and also proves that the buy traders are still in control of the market at the moment.
Therefore, the buyers need to add more strength to their activities in the market to rally up to retest the $0.0000970 previous high which could put a stop to any further selling pressure.
Notably, the price of LBLOCKUSD indicates an uptrend on the daily signal, therefore, if buyers should intensify their efforts, the crypto price might retest the $0.0001602 supply level and this may extend to a $0.0002000 high mark in the days ahead in its medium-term time frame.
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