Lucky Block Price Prediction – October 5
LBLOCKUSD‘s price is very likely to commence the bullish movement soon. The bulls are currently gathering momentum to dominate the crypto market as we can spot a new correction at the support area of the chart. The coin gave a bullish breakout from the $0.0000306 level, suggesting buyers are making a recovery attempt. Thus, if the crypto’s price could swing above the $0.000200 previous high neckline, the potential rally could surge the crypto higher to hit the $0.001000 upper resistance level and beyond.
Resistance levels: $0.0001200, $0.0001400, $0.0001600
Support levels: $0.0000900, $0.0000800, $0.0000700
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 below the moving average line and has confirmed its bearishness. However, the bulls are now gathering momentum in the market to turn around the trend.
The interference of short-term traders to the $0.0000270 low level in the previous action has contributed to its bearish momentum in its recent price barrier.
Today, the buy traders made a correction at a $0.0000283 high value which further increases to the $0.0000306 supply mark below the moving average-50 to resume its uptrend. This indicates an established bull trend.
Thus, if buyers could trigger a breakout and close a candle above the $0.000200 resistance level, such a breakthrough would provide an opportunity for buyers to regain control and potentially drive the price toward the overhead supply mark.
In a like manner, the Lucky BLOCK price is pointing upwards in the oversold region of the daily stochastic, this will compel the bulls to continue with the trend and this trend may possibly increase the coin price to the $0.001000 high value in the nearest day as we watch the bulls gathering momentum to dominate in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The coin price still trades in a bearish market in its medium-term perspective. This is a result of a high demand from the sell traders. However, we can see a new correction below the supply level indicating that the bulls are gathering momentum to dominate the Lucky Block market soon.
Sellers’ interference to a $0.0000274 low value in the previous session also contributed to its bearishness in its recent price level.
The momentum was lost as buyers returned to the market and successfully pushed the price of LBLOCKUSD to a high at $0.0000306 trend line after the 4-hourly chart opened today. Moreover, these new moves will actually strengthen the price recovery.
Hence, if the buy traders successfully keep the Lucky Block prices above the $0.0001139 price level, the target might be the $0.001000 supply level soon in its medium-term perspective.
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