Lucky Block Price Prediction- February 17
Lucky Block is set to grow more as the coin is well on its way to the resistance. The recent market structure points to a rise in the near future. The vital resistance for the coin is found near the $0.0001613 zone. However, the price can go higher if the current support holds and the bulls can put in aggressive efforts, the price may possibly grow to hit the $0.01000 high level.
Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0001600, $0.0001500, $0.0001400
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The LBLOCKUSD pair portrays a bearish market trend in its long-term outlook. The price responded to the shift in the market structure and is currently below the moving averages.
The bears’ performance on the crypto in the past few hours has made the price stay below the moving average trend levels.
The bearish trend was overridden by the bulls as they made a correction to the $0.0001614 supply level slightly below the moving averages as the 4-hourly chart opens today. This is an indication that the bulls are coming gradually to increase the price recovery pattern which will in turn result in an intraday gain for the coin holders.
In addition, Lucky Block’s price is set to grow more as shown by the stochastic oscillator pointing upwards in the oversold region to indicate an uptrend. With the look of things, the bullish rally may therefore head towards the $0.01000 upper high value in no long time in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
Lucky Block remains bullish on the medium-term outlook. The bulls are really trying not to fall this time around. Further, the coin price can be seen above the EMA-9 with its wick touching the EMA-50 which confirms a bullish trend.
Right now the coin price is currently trading at the resistance level of $0.0001627 slightly above the EMA-9; this assures or confirms the bull’s gradual return to the market. The longer the price stays above the mentioned level, the more pressure builds up to reach a key significant level at the upside.
In addition, further upsides are likely as the market is in an upward direction in the oversold region. This will compel the buy traders to resume the upward rally and this time around the bulls may likely revisit the $0.0001875 supply level which might further extend the price of LBLOCKUSD to the $0.01000 supply level in the days ahead in the medium-term perspective.
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