Lucky Block Price Prediction – July 15
The LBLOCKUSD market at the moment has the potential for a bullish continuation and may grow further as the coin just resumed its recovery mood which is an opportunity for long investors. If the current support at $0.0001062 value holds, and the daily chart closes above the $0.0002890 resistance level, then there is a high probability of the price going up to its recent swing high, which is $0.0003429 resistance value. The next recovery target by the bulls might be the $0.002000 upper resistance value resulting in a long opportunity for the coin traders.
Resistance Levels: $0.0001700, $0.0001800, $0.0001900
Support Levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
Despite the interference by the short terms traders, the LBLOCKUSD pair remain in a bullish market zone in its higher time frame as can be seen from the chart above. The price is currently trading above the EMA-9 with its wick touching the EMA-50. This is an indication of an uptrend.
The bullish pressure at the $0.0001194 high value during yesterday’s action has sustained its upward stability in its recent high.
The drop in the price of Lucky Block to the $0.0001062 low value as the daily chart commenced today has no serious effect on the market as the price remains in an uptrend. Hence, staying above the supply levels indicates a strong possibility for a bullish correction.
Thus with an increase in buying pressure, a strong breakup above the $0.003429 resistance point would invalidate the bearish thesis and strengthen the bullish pressure.
Next, is the fact that the market is pointing upwards on the daily stochastic, this will draw more buy traders to the market for a bullish continuation pattern, if that occurs the price could further climb toward a $0.002000 upper high level and this will add to the bullish race in the future in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD indicates an upward trend with a bullish sentiment in its long-term perspective. The coin is trading above the two EMAs. However, the market is presently facing resistance at the recent high.
In the previous actions the coin has been having high interference from buyers which really made it easier for the cryptocurrency to maintain stable upside moves in recent times.
The coin price breakout at the $0.0001100 resistance value above the two EMAs as the 4-hourly chart opens today indicates the high buying impact from the bulls resulting in intraday gains.
Should buyers trigger a breakout above the $0.0002000 resistance level with a 4-hour candle closing, could signify a shift in the market dynamics. Such a breakthrough would provide an opportunity for buyers to regain control and potentially drive the price toward the $0.0003429 mark.
In addition, the coin is in an upward direction on the daily stochastic, more buyers’ participation is a prerequisite at the moment. We expect the price to reach the $0.002000 upper resistance value amid sustained buying pressure in the coming days in its medium time frame.
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