Lucky Block Price Prediction- September 6
The market price of LBLOCKUSD may resume its upside moves soon. Base on the outlook, if the resistance level rises above the $0.002399 value, continuation to the upside is ensured.
Key Levels:
Resistance levels: $0.001500, $0.001600, $0.001700
Support levels: $0.000884, $0.000784, $0.000684
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
Lucky Block is possibly making its way up after hitting $0.000831level to overcome resistance to signal a pump up. It looks like price will want to bounce up again in the long-term.
The cryptocurrency has completed his correction and now set for an upswing. The bulls have decided to shift the trend up after series of lows shortly after today’s 4-hourly chart opens. The pullback at the $0.000867 resistance level suggests the returns of the buy traders in the market. Traders are advised to use the opportunity to invest in the coin and make more gains.
Further, the momentum indicator shows that the price signal is also moving upward in the market as we expect the price distribution to reach a $0.2000 high level soon as we watch the market turns bullish in the long-term perspective.
LBLOCK/USD Medium-term Trend: Bullish (1H Chart)
The market price of LBLOCKUSD which increases to a $0.000869 high level above the moving averages suggests an uptrend in the context of the strength of the market. Closing the 1-hourly session above the $0.002000 will put the trade more on the buy side.
Hence, the pair pointing up on the daily stochastic means that the buying pressure may continue, and suggests a possible recovery of $0.2000 supply level in the coming days in the lower time frame.
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