Lucky Block Price Prediction- August 24
At the moment Lucky block is trading with a supply cluster. Based on the outlook, the price will rise further and may likely reach the $0.3000 supply level if the buy traders should put more force into their activities in the market.
Key Levels:
Resistance levels: $0.002500, $0.003000, $0.003500
Support levels: $0.001956, $0.001856, $0.001756
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
LBLOCKUSD is at the moment trading in a bullish trend zone. The pair is losing bearish momentum as can be seen from the chart above. The bulls made an increase to the $0.002185 resistance value during yesterday’s session and sustained it. This really enables the buy traders to sustain the gains.
The forces from the buyers have pushed the price of the coin up to a $0.001992 high level above the EMA-9; this is an indication that the buyers are getting back to the market to play on while the sell traders are getting weaker at the present.
Next, trading at the oversold region as shown by the stochastic implies that the market is ready for a buy. This will definitely cause a further rise in the price of Lucky Block to break up the $0.1000 level while $0.3000 might be the target in the nearby days in its long-term time frame.
LBLOCK/USD Medium-term Trend: Bullish (1H Chart)
As an outcome of low bearish momentum, the buyers are hindering the market from smashing through the support zones. The currency pair’s orientation trades in a general bullish flow.
The market price of LBLOCKUSD which increases to a $0.002180 high level above the moving averages suggests an uptrend in the context of the strength of the market. Closing the 1-hourly session above $0.002300 will put the trade more on the buy side.
Hence, the pair has fallen below the 20% range of the daily stochastic. It means that the selling pressure has ended, we, therefore, expect the buy traders to push the price of Lucky Block further up to a key significant level of $0.3000 in the coming days in the lower time frame.
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