Lucky Block Price Prediction- September 12
Lucky Block price is in a critical zone at the reversal phase. If the coin buyers breach the overhead resistance, the price could surge above a $0.001579 high value. Thus, in response to this pattern, the crypto’s price could turn upside from this resistance to trigger a new bull cycle.
Levels:
Resistance levels: $0.001500, $0.001600, $0.001700
Support levels: $0.000475, $0.000375, $0.000275
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The market value of LBLOCKUSD is trading below the moving averages, this means that the pair is in a bearish market zone. This is due to the inflow from the short traders.
Despite the moves from the short traders, the buy investors managed to push the price of Lucky Block up to a $0.000689 high level after which the sellers dropped the market price down to a $0.000660 low level below the moving averages as the 4-hourly chart opens today.
A bullish reversal from this horizontal level will plunge the price back to the resistance trend line. And in this case, the price might possibly swing upside and be suitable for a buy position in the days ahead in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
The currency pair is trading in the bearish trend zone. The bulls are also trying not to fall completely in the market.
The bulls made a correction and faced the upside at the $0.000689 supply level. This tends to resume a prevailing uptrend.
As a result, the Lucky Block price is poised to breach this supply trend line, which could intensify the bullish trend.
However, the price action is rising into bullish territory as shown by the daily signals pointing upwards in the oversold region. This suggests growing confidence for market participants for the current recovery. The bulls might target the $0.2000 resistance value in this new recovery in its lower time frame.
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