Lucky Block Price Prediction – November 27
LBLOCKUSD at the moment is preparing to soar higher as the coin is already at the oversold segment of the market. The selling pressure is about to end and the coin price could be ready for an upward movement soon. If the buy investors could prove stronger up the more and the price shows sustainability above the $0.0001900 resistance value, its upsides should extend further to retest its previous high of $0.0002197 value. Then we can expect a shift in trend to reach a $0.001000 upper resistance level.
Levels:
Resistance levels: $0.0000900, $0.0001000, $0.0001100
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD‘s price is in a bearish trend in its higher time frame. Further, the price that is currently trading below the EMA will soar higher soon as the market is now oversold.
The sustained bearish pressure at the $0.0000272 support value during yesterday’s session has made the crypto’s price remain below the supply trend levels in its recent low.
Earlier today, the sellers’ inflow dropped the price of Lucky Block down to a $0.0000262 low level below the EMA as the daily chart opens. However, price reversal at the mentioned current support level is more likely; traders can buy the crypto at a low price with this current trend and move the market price of LBLOCKUSD upwards.
Thus, the price of Lucky Block will soar higher and advance further if the bulls can increase their forces in the market and exchange hands with the bears at the $0.0000262 support level.
Notably, more upsides are likely as the market is oversold already. This will compel the buy traders to resume an upside move and soar higher. The price might likely rebound at the current support level to reach a $0.001000 supply level in the days ahead 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. Meanwhile, the coin price will soar higher soon as the selling pressure seems to be exhausted.
The sell traders made a downward move to the $0.0000272 support level before the end of yesterday’s session. This gave sellers more strength to drop the price of Lucky Block below the supply trend lines in recent times.
Actions from the sell traders dropped the price of Lucky Block down to a low at $0.0000262 below the moving average, shortly after the 4-hour chart opened today. Thus, traders can buy the coin at a lower rate at this moment so as to have more gains ahead.
Meanwhile, the coin will soar higher soon and a further rise in the market price of the LBLOCKUSD is possible, as the selling pressure has ended is about ending.
The cryptocurrency is now trading in the oversold region. This means that the price might possibly reverse at the current support level and its upside moves may likely soar higher to hit the $0.00100 supply level soon in its medium-term time frame.
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