Lucky Block Price Prediction – September 4
The Lucky Block market holds a bullish sentiment today as the bulls are facing more gains above the supply levels. With the look of things, if the coin price could sustain above the pattern’s previous supply trend line at the $0.0003429 value, the price may trigger up to the overhead resistance mark at the $0.002000 level, thus a clear buy signal.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD is at the moment trading in the bullish trend market in the long-term outlook. The price currently trades above the two EMAs, while the bulls are currently facing more gains above the supply levels.
The high bullish impact to a $0.0001172 high level has sustained the pair above the resistance lines in its recent high.
Among other prominent cryptocurrencies, Lucky Block has increased to a $0.0001228 high value above the moving average levels as the daily chart opens today. Such a breakout gives the impression that the coin is currently in a terminal stage of more gains.
Thus, a break above the $0.0003429 resistance mark would intensify more buying pressure on the crypto.
Notably, the current correction phase may likely continue as the momentum indicator now points in an upward direction: As a result, the price of LBLOCKUSD may reach a significant level of $0.002000 supply trend line as the bulls continue to face more gains and remain dominant in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD pair is still in an uptrend in its medium-term outlook despite the inflows from the sell traders. The price bars are seen above the supply levels where the coin buyers are facing more gains. The coin price has walked a lateral path, trying to sustain above the $0.0001182 supply level.
The sustained bullish pressure pushed the currency pair up to the $0.0001198 supply level during the previous session and sustained it. This has made it possible for the coin to remain firm in an uptrend in its recent high.
The journey up north continues today as the buy traders successfully pushed the price of Lucky Block to a $0.0001228 high point above the supply levels, resulting in more gains for the coin buyers.
Moreover, if additional buying pressure is added and bullish momentum is sustained above the $0.0001602 resistance trend lines, further bearish sentiment will be hibernated.
Additionally, the daily stochastic remains in an upward direction. Hence, if the coin buyers manage to break above the $0.0001602 previous supply trend line, the next price target by the market participants could be the $0.002000 high mark in the days ahead in its medium-term time frame.
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