Lucky Block Price Prediction- August 31
Lucky Block’s price is facing an increase in selling pressure. The coin could continue to rise upward if it breaks the $0.002500 resistance value and the daily candle closes above the $0.003000 supply level.
Levels:
Resistance levels: $0.002500, $0.002600, $0.002700
Support levels: $0.002070, $0.001070, $0.000070
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
Despite the interference from the sellers, the LBLOCKUSD price still trades in the bullish trend market. Price is trading above the support of the price channel again. This however confirms the presence of a more bullish impact on the coin.
The market value spikes up to a $0.002113 high level above the two EMAs as the 4-hourly session begins today, this however indicates an uptrend in the momentum of the price of the crypto. The bullish reversal retests the broken supply zone at the $00.2054 mark and challenges the sellers at the resistance trend line.
Hence, more upsides are possible as indicated by the momentum indicator. This means that the price will remain on the upside and a $0.004000 high level might be the target in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
The currency pair is in a bullish trend market in its medium-term perspective. The buy traders moved the price of Lucky Block up to a significant level of $0.002195 supply level during yesterday’s session and sustained it. This gave the bulls the tendency to rise further.
The journey up north continues as the bulls caused a rise again to the price of LBLOCKUSD to the $0.002198 resistance value above the moving averages as the 1-hourly chart opens today. This indicates more active buy traders in the price flow.
However, if the buyers should intensify their tension in the market and the prices break above the resistance trend line, a bullish trend continuation to the overhead resistance of $0.00400 is possible soon in the lower time frame.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply