Lucky Block Price Prediction – November 29
The Lucky block market is on the verge of more growth as the bulls initiate another uptrend with the potential to break critical resistance levels. The coin price will grow more, and a bullish breakout that closes above the $0.0000398 resistance level will indicate that buyers are more optimistic. By doing this, buyers will have a stronger foundation to extend this recovery. Therefore, a post-retest rally could push prices higher and reach the resistance trend level of $0.0001200, demonstrating remarkable resilience in a correcting market.
Key Levels:
Resistance levels: $0.0000166, $0.0000167, $0.0000168
Support levels: $0.0000140, $0.0000139, $0.0000138
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is having a bearish posture and is on the verge of more growth on the daily chart. The price seems to have pullback a little but the overall trend is still bearish in its long-term outlook. The price is below the EMA-50, indicating a downward momentum and the high impact of sellers in the market.
The sustained bearish pressure to a $0.0000151 support level in the previous session has made the Lucky Block price remain below the supply trend levels in its recent correction. Hence, the crypto market is now oversold and is on the verge of more growth.
A rise to a $0.0000166 high level below the EMA-50 by the bulls as a pullback shortly after the daily chart opens today affirms the returns of the long traders into the market. Thus, the price of Lucky Block is on the verge of more growth as the bulls anticipate further growth if they can redouble their efforts and push above the current supply level.
Meanwhile, buyers may seize this opportunity to buy the coin at a lower rate for better gains in the future. Further, if the bulls could trigger their forces in the market, the coin price may experience more growth to retest the previous high of $0.0000398, resulting in a high recovery potential for the coin buyers.
In conclusion, the Lucky Block pair is on the verge of more growth as the market remains upward on the daily stochastic. It implies that the selling pressure is not likely again. As a result, the bullish corrective pattern may extend to the $0.0001200 high mark in the days ahead in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
On the medium-term chart, LBLOCKUSD is showing a downward movement and remains on the verge of more growth. This is clear as the new correction phase begins below the supply levels.
The price of Lucky Block is on the verge of more growth as the crypto price rebounded to a $0.0000166 high mark below the EMA-50, shortly after the commencement of today’s 4-hour chart.
Thus, if a renewed surge in buyers’ interest occurs and the coin price closes above the $0.0000330 resistance level, the post-retest rally may surge to hit a crucial level at the upper resistance level, reflecting a sharp correction among the coin investors.
Furthermore, the LBLOCKUSD pair is on the verge of more growth as the price indicates an uptrend on the daily stochastic. In light of this, the emergence of buyers is crucial at this point to drive the coin price towards the $0.0001200 resistance value in the days as it is poised for more growth in its medium-term outlook.
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