Lucky Block Price Prediction – January 2
LBLOCKUSD will rise soon, and a potential buy is near as the pair is gathering momentum for another upward move. If the market’s buying forces increase and the current support level at $0.0000444 holds, the coin price may retest the $0.0001900 previous swing high, which could extend to the $0.001000 upper high mark and beyond.
Levels:
Resistance levels: $0.0000800, $0.0000900, $0.0001000
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD price will rise soon and a potential buy is near. The price seems to have pullback a little but the overall trend is still bearish in its long-term outlook. As a result of price rejection at this level, there was an immediate reversal.
The market price of Lucky Block rises from $0.0001856 to the $0.0001869 resistance level above the EMA-9 as the 4-hourly chart opens today; this suggests that the bulls have the market at their disposal. The traders should seize the opportunity now and buy the coin as the journey up north continues.
The bears’ pressure on the crypto to a $0.0000444 low level during yesterday’s session has dropped the price of Lucky Block below the supply trend lines in its recent price level.
The bulls however made an increase to a $0.0000492 high level earlier today below the EMA-50 as a pullback. Thus if this bullish growth pattern is steady, an established uptrend will be achieved.
Additionally, the LBLOCKUSD price will rise soon which could lead to a potential buy as indicated by the daily signal pointing in an upward direction.
As a result, the bullish race might retest the $0.0001900 resistance level which could lead the coin price to the $0.001000 upper resistance value in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
On its medium-term chart, the Lucky Block price is forming lower lows and lower highs. Furthermore, the price is trading below the EMA, indicating that it is currently in a bearish market zone. However, the price will rise soon and a potential buy is near as we can see a new correction in place.
The crypto rebounded from the mentioned support at the $0.0000484 supply value as the 4-hourly chart opens today. This indicates a genuine reversal which may attempt the $0.0001100 breakout. Further, investors may seize the opportunity now buy the coin at a lower price and look for more gains ahead.
Adding to this, buyers clustering around the market now as indicated by the daily stochastic which is pointing upwards means that the coin price will rise soon and a potential buy is near. Therefore we can expect the upward rally to reach the $0.001000 upper resistance trend line in the days ahead in its medium-term outlook.
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