Lucky Block Price Prediction – September 2
The LBLOCKUSD price has indicated the start of a new bull run as the coin price is recovering steadily. The crypto just sent a signal that the bulls are still strong. Meanwhile, the coin price will most likely continue its bullish run and the price could still go higher if the price is able to break up the $0.0003429 barrier, then we can expect a good upside momentum up to the $0.01000 upper supply level and a potential 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)
From the daily chart above, we can see the Lucky Block price above the moving averages, indicating the start of a new bull run.
The sustained bullish pressure to the $0.0001098 supply level during the last session has made the coin price remain in an uptrend at its recent high.
At the time of writing this article, the price of LBLOCKUSD has risen to a $0.0001101 high mark slightly above the supply trend levels, suggesting that buyers are buying at this level and are ready to continue with the recovery rally.
Thus, a bullish breakout above the $0.0003429 resistance is needed to indicate a significant recovery.
Also, the Lucky Block market is showing more upside possibilities on the daily signal which is pointing up, so we can certainly expect more strength from the coin and this may likely get to a $0.01000 upper resistance mark in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The Lucky Block market also trades in a bullish trend market in the medium-term outlook. This is due to the high impact of long-term traders on the price flow. This indicates the start of a new bull run.
Action from the buy traders to a $0.0001098 high value in the previous session has sustained the crypto price above the supply levels in its recent high.
Amid the broader market uncertainty, buyers moved the price of LBLOCKUSD up to the $0.0001101 resistance value above the two EMAs at the time of writing this article. It is extremely likely that the bulls will continue climbing.
Hence, a potential breakout from this trend line could intensify the bullish momentum and may surge the coin to a $0.0001602 barrier, leading to a greater opportunity for coin buyers.
Additionally, continuation to the upside is certain as suggested by the daily signal pointing in an upward direction. In light of this, the price of Lucky Block may likely reach the $0.01000 upper resistance mark in the coming days in its medium-term outlook.
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