Lucky Block Price Prediction – August 28
LBLOCKUSD‘s bullish pattern hits the $0.0001129 high value under the influence of a rising wedge pattern. The coin price may continue to gain more ground, and the rising demand pressure at $0.0001129 can offer buyers an opportunity to counterattack. Meanwhile, a sustained buying above the $0.0003429 barrier could influence the future trend towards a $0.002000 upper high mark, leading to a great asset for the coin holders.
Levels:
Resistance levels: $0.0001900, $0.0002000, $0.0002100
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The momentum on the daily chart is bullish. The coin price’s bullish pattern hits the $0.0001129 price value, confirming its bullish trend.
The price jump to a $0.0001109 high level during yesterday’s action has made the Lucky Block price trade above the supply levels in recent times.
The cryptocurrency’s value has increased by 6.8%, leading to its present trading price of $0.0001129 supply value above the supply levels. This suggests that the buying team are having the market prices at their disposal.
Thus, a sharp breakout and closure above the previous high correction phase at a $0.0003429 value will invalidate any bearish thesis.
Likewise, the price of Lucky Block trading at the oversold region of the daily signal implies that the end has come to the bearish trip.
We can therefore expect the price of LBLOCKUSD to hit the $0.002000 upper resistance mark in the days to come in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The medium-term outlook of Lucky Block also indicates a bullish trend. The price bars can be seen trading above the two moving averages, this means that the coin is in a bullish trend zone.
The market has increased in value above the supply trend levels in recent times due to the interaction from the buying traders to the $0.0001096 supply level in the previous action.
In the last few hours, the LBLOCKUSD price has increased significantly and reached the current trading value of $0.0001129 above the moving averages.
With sustained buying, the coin price will test the accumulation zone of $0.0001602 level and set the potential for further growth.
Notably, the price of Lucky Block pointing upward on the daily stochastic indicates more upside as the bullish pattern hits the $0.0003429 value.
In light of this, the next price target by the long traders could be a $0.002000 upper high level soon in the medium-term perspective.
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