Lucky Block Price Prediction – November 6
LBLOCKUSD is now set for its next major increase and a swift bounce is expected to follow soon. Therefore, a bullish crossover above the $0.0001900 high mark will encourage the buy investors for a longer correction and this might reach a high at $0.0002000 upper supply trend line and beyond.
Levels:
Resistance levels: $0.0000900, $0.0001000, $0.0001100
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair is trading in the bearish trend market in its long-term outlook. The price bar can be seen attempting its major increase slightly below the moving average which has confirmed its bearishness.
The interference of short-term traders to the $0.0000244 low level in the past trading session has contributed to its bearish momentum in its recent low.
Currently, the coin buyers made a pullback at the $0.0000275 value which further increases to the $0.0000276 supply value below the moving average as a correction phase with intraday gains.
Such lower price rejection indicates that buyers are defending this level and attempting its major increase. Hence, a strong push above the $0.0001900 supply level will offer strong resistance to the crypto price.
Additionally, the Lucky Block price is showing more upside possibilities as we can certainly expect more strength from the coin, and its major increase could reach the $0.0002000 upper resistance mark soon in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD rebounded after its downside moves. The coin is now attempting its major increase by finding its way to the overhead resistance level in its medium-term time frame. The market shows that the price may now be trading in a new ascending channel.
The bulls have sustained the crypto market at the $0.0000257 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger in its recent high.
The momentum remains in an uptrend despite the push from the short traders, the bulls made an increase to the $0.0000276 high mark above the EMA-50 as the 4-hour chart resumes today. This trend pattern proves the impact of bullishness on crypto.
Thus, a bullish breakout past the $0.0000322 resistance level may set eyes on the resistance level at $0.0000349.
In addition, the momentum indicator shows that the price of Lucky Block has set for its major increase and will still bounce up, so we expect the price distribution to reach the $0.0002000 supply level and beyond soon in its medium-term outlook.
You can purchase Lucky Block here. Buy LBLOCK
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