Lucky Block Price Prediction – December 14
The LBLOCKUSD price is currently recovering and also maintains strength above supply trend levels. The crypto is showing positive signs above the $0.0000584 supply value. If the coin holders could prove stronger and the price shows sustainability above the $0.0001900 previous high value, its upside moves could extend further to reach the $0.0002000 upper resistance level and beyond, resulting in an intraday gain and a potential buy signal for the coin holders.
Levels:
Resistance levels: $0.0001000, $0.0001100, $0.0001200
Support levels: $0.0000600, $0.0000500, $0.0000400
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The market value of LBLOCKUSD can be seen in a bullish scenario and also maintains strength above the supply levels in its long-term outlook. This is due to the high impact of the buy traders on the coin market.
The persistent bullish pressure drove the currency pair up to the $0.0000945 supply level in the past few days and sustained it. This has made it possible for the coin to maintain strength above supply trend levels in its recent high.
After completing the lows at $0.0000450 value during yesterday’s session, the bulls successfully pushed the Lucky Block price up with a dragonfly doji candle at $0.0000586 high mark above the resistance trend lines as the daily chart opens today.
This suggests that there is a high buying pressure in the market; as a result, the coin price is set to go higher.
Further increase in the buying pressure might lead the price of LBLOCKUSD to retest the previous high of $0.0001900 high mark soon.
Adding to that, a bullish impact by buying investors towards the higher side is likely, as indicated by the stochastic oscillator pointing upward. The bulls could therefore aim at the psychological level of $0.0002000 upper resistance value soon, as the crypto maintains strength above supply trend levels in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The Lucky Block market also maintains strength above supply levels in its medium-term outlook. The price bar can be seen slightly above the EMA-50 line which indicates a bullish trend.
The bullish impact on the crypto to the $0.0000584 supply level during the previous action has sustained its firmness above the supply levels in its recent price level.
Today, the bulls made an upward move to the $0.0000586 high value above the moving average lines as the 4-hour chart opens. The LBLOCKUSD price looks promising as the bulls remain dominant in the market at the moment.
If the bulls can increase their price action and maintain strength above supply trend levels, further bearish sentiment will be hibernated.
Additionally, the daily stochastic remains in an upward direction. This means that the coin will continue to maintain strength above supply trend levels.
As a result, if coin buyers can break above the $0.0001100 previous supply trend line, market participants may witness a new recovery rally, which may reach the $0.0002000 upper high mark soon in its medium-term time frame.
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