Lucky Block Price Prediction – March 30
LBLOCKUSD will reverse to the upside soon. The coin at the moment is facing high pressure from the bears; this may probably end soon as the market is oversold now. If the long traders could prove stronger and exchange hands with the bears at the current support level at $0.0000328, its upturn should extend further to hit the $0.0000940 previous highest level which can lead to a $0.0001200 upper high level and beyond.
Levels:
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price will reverse to the upside soon as we can see the coin price forming lower lows and lower highs on its long-term chart. Further, the price is trading below the EMA-50; which means that it’s in a bearish market zone at the moment.
The sustained bearish pressure at the $0.0000358 support level during yesterday’s session has made the cryptocurrency price remain below the supply trend levels in its recent low.
At the time of writing, the market price of LBLOCKUSD which decreases further to a $0.0000328 low level below the moving averages as the daily session opens today suggests the high bearish impact on the crypto.
Hence, the coin price will reverse to the upside soon as the selling pressure will soon be exhausted. Meanwhile, buyers may seize this opportunity to invest in the crypto and buy at a lower rate to have more gains ahead.
Further, if the bulls could change their orientation and push strongly, the coin price may reverse to the upside to retest the previous highest point at $0.0000940 which will offer a strong resistance to the crypto price.
Meanwhile, further downsides are unlikely as the market price of LBLOCKUSD has reached the oversold region. The coin will reverse to the upside soon, so we can now grow in confidence that a potential buy is coming near.
Thus, the next price target by the bulls could be the $0.0001200 upper resistance level, indicating a strong supply zone for a potential BUY in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The coin also trades in a bearish trend market in the medium-term outlook. This is due to the high impact of short-term traders on the price flow. The LBLOCK price will reverse to the upside soon as the market is oversold already.
The downward move by the bears to the $0.0000372 support level in the last few hours has made the price of Lucky Block drop below the supply trend lines in its recent times.
The drop in the price of LBLOCKUSD to the $0.0000328 low value below the EMA-50 as the 4-hourly chart commenced today is due to a low bullish momentum. Meanwhile, the coin will reverse to the upside soon as the market is oversold.
Thus, if buyers eventually wrestle trend control from sellers and reverse from the $0.0000328 support, a breakout above the trend line is needed to confirm the potential bullish rally.
Additionally, the pair is trading below the level 20% range of the daily stochastic. It indicates that the Lucky Block price is now in the oversold region of the market.
This means that the price of LBLOCKUSD will reverse to the upside at the mentioned support soon. We will now be looking into the emergence of more buyers in the oversold region of the market. This crossover could encourage the breakout rally to hit the $0.0001200 supply level in the days ahead in its medium-term time frame.
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