Lucky Block Price Prediction- September 14
There is a possibility for the Lucky Block price to reverse and face the upside to retest the $0.02500 supply level provided the current support level at $0.000736 holds and the long traders exert more forces and push the price further up. The crypto may retest the previous swing high at a $0.02500 high level.
Levels:
Resistance levels: $0.001050, $0.001350, $0.001500
Support levels: $0.0007500, $0.0007400,$0.0007200
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
LBLOCKUSD is in a bearish market zone in its long-term view. Currently, it hovers near the initial level thus forming a Doji candlestick, which suggests a tug of war between bulls and bears.
The price bar at the $0.000742 supply value can be seen below the moving averages which are glued together. This shows that the bulls are trying to come into the market stylishly to dominate.
The coin is pointing up around the level 53% range of the daily stochastic; this implies that the bulls may continue to dictate market direction. The upward rally may possibly hit the $0.002500 supply level soon in its higher time frame.
Hence, buyer traders may take their position as desired.
LBLOCK/USD Medium-term Trend: Bearish (1H Chart)
The currency pair trades in a bearish market at the moment; this is because the short traders are involved in the order flow.
However, after the correction, the LBLOCKUSD buy traders finally find resistance at the $0.000749 level shortly after the 1-hourly session opened today. This affirms the presence of the bulls which are set to push the price of Lucky Block up to the key area. This may likely give the coin the tendency to rise above the mentioned resistance level.
Next, we will now be looking into the emergence of more buyers in the market as indicated by the daily stochastic which is pointing upwards. This suggests that the price of the crypto will continue in an uptrend and the expected upside move in the price could be high at the $0.002500 level soon in its medium-term perspective.
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