Lucky Block Price Prediction- March 17
LBLOCKUSD price will increase further and move higher above the current resistance level if buyers could triple their efforts to forecast a bullish increase in the market above the $0.0001810 resistance level, $0.0002000 upper high level may be retested.
Levels:
Resistance levels: $0.0001800, $0.0001900, $0.0002000
Support levels: $0.0001300, $0.0001200, $0.0001100
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
LBLOCKUSD indicates an upward trend with a bullish sentiment in its long-term perspective. The coin is trading above the EMA-9; it means that it’s in a bullish market zone at the moment.
The price rose to the $0.0001315 resistance value during the previous action has made the coin price trade above the supply level in its recent high.
Today, the price is making higher highs and higher lows. However, presently the coin trades at the $0.0001337 resistance value slightly above the EMA-9, this implies a gradual weakness in the strength of the sell traders while the buyers are becoming more active. This enables the buy traders to influence the price tendency of Lucky Block to rise further.
Base on the outlook, should the bulls push higher and close above the $0.0001810 high mark, a bullish breakout confirmation will reflects the improved market sentiment.
Doing so will offer a higher footing for buyers to prolong this recovery. Thus, a post-retest rally may drive the prices high to hit the $0.0002000 resistance trend levels soon in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
Despite the interference of short-term traders in the price flow, the medium-term time frame market shows a bullish race. Price of LBLOCKUSD can now be seen progressing upward above the moving averages. This shows that buyers are currently gaining more strength in the market.
In the previous session, the price closed below 9- EMA, but additional buying pressure pushed the price above the critical level of $0.0001337 above the moving averages as the 1-hourly chart resumes today. This will however give the buy traders the tendency to further ladder up the trend. To push the price above the supply zone more buyers’ participation is a prerequisite.
However, there is possibility of more upsides as shown by the daily stochastic pointing up; it is therefore expected of the long traders to continue with the bullish race to a significant level and break above the $0.0001593 to reach the $0.0002000 upper resistance level as we watch the Lucky Block market remains strongly bullish in the medium-term time frame.
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