Lucky Block Price Prediction- December 8
There is a possibility for the Lucky Block price to keep rising. The LBLOCKUSD pair is in the potential for a bullish rise. The coin market has been in a bullish rally in the previous action and from the look of it, it will keep growing. Hence, a further increase in the bulls’ action may trigger the coin price up and break out the previous high at the $0.0003083 mark, this may extend the price action to reach the $0.4000 resistance trend line and beyond.
Levels:
Resistance levels: $0.0003200, $0.0003300, $0.0003400
Support levels: $0.0002200, $0.0002100, $0.0002000
LBLOCKUSD Long-term Trend: Bullish (1H Chart)
From the chart above we can be assured that LBLOCKUSD is in a bullish move in its long-term view. The sustained bullish pressure pushed the pair up to the $0.0002531 resistance level during yesterday’s session and sustained it.
The aggressive move by the bulls further pushed the price of Lucky Block up to a $0.0002781 high level above the moving averages; the brief return by the sell traders at the $0.0002275 put the coin price at the support zone as the 1-hourly chart opens today.
Meanwhile, the current price at the $0.0002380 supply value shows a power struggle at the overhead resistance trend line, resisting the start of another bear cycle. Thus, should the bulls change their orientation and the buying pressure persists, the coin will possibly give a bullish breakout of the bearish pattern to retest the $0.0003083 supply level which may eventually lead the crypto price to hit the $0.04000 high mark in the coming days in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (15-Minutes Chart)
The LBLOCKUSD pair is in a bearish market zone in its short-term outlook. This is because the short traders are now involved in the order flow. The bulls and the bears have been in interacting together in the previous action.
Earlier today, the buy traders made it up to a $0.0003083 high level after which the bears interfered and dropped the coin price down to the $0.0002357 support value as the 15-minute chart opens today.
Meanwhile, if the buy traders should increase their price action, and bullish momentum is sustained, the Lucky Block price may likely reverse and pump up to the upside to retest the previous high at the $0.0003083 significant level.
Further, with the price signal indicating an uptrend, it means that the crypto is likely going to face major resistance as a result of this the bullish strength might possibly extend the coin price to reach the $0.03000 supply mark in the days ahead in its lower time frame.
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