The LBLOCKUSD is very likely to continue growing as we are seeing a bullish correction in place. Thus, the LBLOCKUSD might hit the $0.01000 supply mark, provided the bulls add an extra effort to their buying pressure. The coin gave a bullish breakout from the $0.001993 level, suggesting that buyers are making a recovery attempt. Thus, if the crypto’s price sustains above the $0.0002947 high level, the potential rally could surge higher to hit the $0.01000 value and beyond.
Resistance levels: $0.0003500, $0.0003600, $0.0003700
Support levels: $0.0002055, $0.0001955, $0.0001855
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The Lucky Block price is in a bearish market zone at the present in its long-term outlook. The market value has dropped due to low bullish momentum. The bulls caused a rise to a $0.0002488 high point after which sellers intervened and dropped the price down to a low at the $0.0001985 level during yesterday’s session and sustained it.
The bulls’ in-road briefly and push the coin price up a bit to the $0.0002100 resistance value, the momentum was lost while the short traders dropped the price down to the $0.0001979 support value as the 1-hourly chart opens today.
Thus, the current price at the $0.0001995 supply level however returns the price of LBLOCKUSD to the resistance zone for a further recovery attempt.
Meanwhile, the crypto may increase in volume despite the negative moves, if buyers should exert more force into the market.
Hence, the LBLOCKUSD market is pointing up at the oversold region of the daily stochastic, this means that the selling pressure has ended, so the currency pair is set to be stronger in the coming days and likely to go up towards the $0.01000 upper resistance value in its long-term outlook.
LBLOCKUSD Short-term Trend: Bullish (15- Minutes Chart)
The LBLOCKUSD pair is now in an upward move in its short-term outlook. This is because the buy traders are more actively involved in the order flow.
The coin market value rises to a $0.0001998 high level above the EMA-9 as the 1-hourly chart opens today. This is due to the high impact of bullishness on the crypto.
Despite the negative moves, the pair is set to turn upside as the market is now pointing in an upward direction on the daily stochastic. This will actually increase the bullish correction phase and this might hit the $0.01000 key level in the upper resistance area in the nearby days in its lower time frame.
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