Lucky Block Price Prediction- January 26
There is a possibility for the LBLOCKUSD pair to experience another bullish reversal price action and the price may head towards the $0.02000 high value as the coin could be ready very soon for another upward move. If the bulls disagree with the bears at the $0.0001659 support level and increase their strength the coin price could jump up and closes above the $0.0001970 high level, further bearishness would be invalidated and the price could hit the $0.02000 upper supply level.
Levels:
Resistance levels: $0.0002200, $0.0002300, $0.0002400
Support levels: $0.0001700, $0.0001600, $0.0001500
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
LBLOCKUSD pair is in a bearish market in its long-term perspective as can be seen from the chart above. The coin price can be seen below the two EMAs which are fanned apart. This is due to the high inflows from the sell traders.
The intention of the bulls is to push the coin price higher but sellers override this plan and dropped the price to a low at the $0.0001569 value as the 1-hourly chart opens today.
Should buyers prove strong and close the hourly chart above the $0.0001970 supply level, then there is a high probability of the price going up to its recent swing high which is $0.0002000 value. Though, traders who buy in the bearish market will also make more future gains.
In addition, Lucky Block’s price has fallen below 20% of the daily stochastic. It indicates that the pair is now in the oversold region of the market. This means that the selling pressure is likely to run to an end soon. We will now be looking into the emergence of buyers in the oversold region of the market. The bullish correction phase may possibly resume sooner. This may take the coin price up to a $0.02000 supply mark in the coming days in its long-term perspective.
LBLOCKUSD Short-term Trend: Bearish (15-Minute Chart)
In the short-term time frame, the LBLOCKUSD price is seen below the moving average lines. This is due to the high inflow from sellers; however, this will be stopped soon as the market is oversold.
The coin has been having a series of moves from the sell traders which has made the price stay below the supply trend lines.
The coin price at the $0.0001572 low value below the moving averages is a result of low bullish momentum. Therefore, the bulls need to redouble their effort to foster a bullish recovery. However, traders who invest in the coin during the bearish market will also make more profits in the future.
Hence, further upside is certain here as the Lucky Block price is in the oversold region, this means that buyers will emerge soon to take us high, and the $0.02000 upper resistance level might be reached as we sit back and watch the coin price turns to a bullish market soon in its short-term view.
You can purchase Lucky Block here. Buy LBLOCK
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