Lucky Block Price Prediction- April 9
The LBLOCKUSD pair is showing potential for a bullish increase as the coin is currently gathering momentum to the upside after completing the downward move. The coin now has the potential to rise further as we can see a bullish correction in place. In case the bulls’ pressure breaks up the resistance level of $0.0001099, the price may increase to a $0.0001200 upper high level and beyond to invalidate the bearish thesis for a renewed recovery.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD‘s price is trading below the supply level with a potential for a bullish increase in its long-term view. The coin price can be seen traded below the moving averages and has confirmed its bearishness.
Meanwhile, it seems that the bulls are about to take over and increase the crypto price as we can see a bullish correction in place at the moment.
The bears’ movement to the $0.0000296 support value in the previous action has dropped the coin price below the supply trend lines in its recent disposition.
As the daily chart opens today, the positive pressure pushes the cryptocurrency’s price up to the $0.0000307 barrier mark below the EMA-50. This implies that sellers are becoming weaker as buyers are entering the market with a potential for a bullish increase.
Therefore, if the present support level of $0.0000296 holds, the market value of Lucky Block might rise even further to a high level of $0.0001099, putting buyers at an advantage for a bullish increase.
In addition, the market value of LBLOCKUSD has a potential for a bullish increase as suggested by the momentum indicator pointing up in the oversold region. It means that the coin price may likely continue in an uptrend to the $0.0001200 upper resistance level in the upcoming days.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The Lucky Block pair is also showing a potential for a bullish increase as the bulls are now progressing upward on the medium-term outlook. The coin price is slightly below the EMA-50, finding its path to the resistance level.
The bears’ pressure to the $0.0000293 support level during the last session has enhanced the coin price for a bullish increase in its recent high.
The formation of a bullish candle at the $0.0000303 resistance level below the EMA-50 as the 4-hourly chart opens today affirms the bullish presence in the market and also suggests the potential for a bullish increase.
Meanwhile, the current price at the $0.0001907 supply value shows a power struggle at the overhead resistance trend line, resisting the start of another bear cycle.
In addition, the daily stochastic indicates that the LBLOCKUSD pair has the potential for a bullish increase by pointing in an upward direction. This suggests that the price of Lucky Block may likely continue its rising pattern which may eventually lead the crypto price to hit the $0.0001200 high mark in the coming days in its medium-term perspective.
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