Lucky Block Price Prediction- December 19
The LBLOCKUSD pair may bounce off the support line and break up the resistance trend lines soon to maintain stable upside moves. If the bulls could push higher and the coin price turned up from the $0.0002135 support value and jump above the $0.0002500 supply mark, the bearish thesis would get invalidated.
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0002000, $0.0001999, $0.0001899
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The LBLOCKUSD price is in a bearish trend. The market now trades below the moving averages; this affirms its bearish race in its long-term outlook. Sellers’ increased momentum drove the price down to a $0.0002124 low level, during yesterday’s session which really made it difficult for the cryptocurrency to maintain stable upside moves.
Meanwhile, the bulls are not relenting as the coin price increases to $0.0002291 as the 1-hourly chart resume today. This was overridden by the sell traders as the coin price now dropped down to a low at the $0.0002135 support value below the supply trend lines. Thus, traders can buy at a low price with this trend and also make profits.
Further, the price of Lucky Block is on the verge of possible reversal to the upside at the mentioned support as the bulls are seen clustering around the market at the moment. Should the bulls regroup and bounce off the support line, a further bullish breakout from the $0.0002135 value will hibernate any further bearish cycle, the bullish correction phase may likely push the coin price to the $0.02000 high mark in the coming days in its long-term perspective.
LBLOCKUSD Short-term Trend: Bearish (15- Minutes Chart)The Lucky Block price is in a bearish move in its lower time frame. This is because the sell traders are involved in the price action. The drop in the coin price to the $0.0002121 low value during yesterday’s session has made the price remain in a downtrend.
Earlier today, after completing the dip-lows at the $0.0002131 level, the bulls in –the road briefly and made a pullback at the $0.0002137 resistance value as a recovery attempt to resume the bullish cycle. A possible rise from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery.
In addition, the coin is pointing upwards on the daily stochastic, this indicates an upward trend. This implies a continuation of the upside. Therefore we could expect more forces from the bulls and this might push the coin price up to the $0.02000 resistance mark soon in its lower time frame.
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