Lucky Block Price Prediction – February 7
After testing the bottom support, a usual response would be a bullish reversal. LBLOCKUSD at the moment is currently recovering and offers a suitable pullback at the above-mentioned supply level. If all the current support holds and the bulls should trigger their efforts and break up the $0.0001047 supply trend line, the bullish correction pattern may likely extend the coin price to hit the $0.0002000 high mark. Thus, a turnaround and clear buy crypto signal for the coin holders.
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD price, though offers a suitable pullback a little but the overall trend is still bearish in its long-term outlook. As a result of price rejection at this level, there was an immediate reversal.
The short-term traders’ price drop to a $0.0000388 low mark during the past session has made the crypto price drop a bit and remain below the supply level in its recent high.
On the daily chart today, there is a broader recovery in the prices. The Lucky Block price offers a suitable pullback at the $0.0000406 supply level below the moving averages as the bulls took to their stand in the market.
Thus, an increase in buying momentum and a strong break-up above the $0.0001047 resistance level would strengthen the bullish outlook.
Similarly, the LBLOCKUSD price which offers a suitable pullback at the $0.0000406 high level may continue with the bullish move as indicated by the daily signal which is pointing upwards. This will compel the bulls to resume the next upward move, and with this trend, the price may jump to a $0.0002000 high level in the upcoming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Lucky Block also offers a suitable pullback with a bullish posture in its medium-term outlook as can be seen from the chart below. The coin price which is slightly above the supply level also shows the impeding next big move in the price.
Right now, the price is struggling at a critical level, where any directional move will bring wild swing moves. The market price of LBLOCKUSD offers a suitable pullback at the $0.0000406 resistance level slightly above the EMA-50 as the 4-hour chart opens today; 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.
Additionally, the Lucky Block price which offers a suitable pullback may likely continue climbing up as suggested by the momentum indicator which is pointing in an upward direction. Therefore, we expect the price distribution to reach the $0.0002000 supply level and beyond sooner as it offers a suitable pullback in its medium-term outlook.
You can purchase Lucky Block here. Buy LBLOCK