Lucky Block Price Prediction- April 8
LBLOCKUSD is currently gathering momentum to the upside after completing the dip-lows. 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 $0.003429, the price may increase to a $0.01000 upper high level and beyond.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001600, $0.0001500, $0.0001400
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
LBLOCKUSD is in a bullish trend market in its long-term view. The coin prices can be seen trading below the two moving averages which confirms its bearishness. Meanwhile, it seems that the bulls are about to take over and push us higher as we can see a bullish correction in place at the present.
The bears’ move to the $0.0001685 support value in the previous action has dropped the coin price below the supply trend lines in its recent high.
The bullish pressure moves the crypto’s price up to the $0.0001848 resistance level below the two EMAs as the 4-hourly chart opens today. This suggests that buyers are coming in a grand style to dominate the market and sellers are getting weaker.
Hence, the Lucky Block market value might increase further to a $0.0003429 high level if the current support level at $0.0001685 holds.
In addition to that, we have a bullish bias that the market value of LBLOCKUSD will rise further to the upsides as we can as well see the momentum indicator pointing up at around level 33%, this means that the coin price may likely continue in an uptrend.
Currently, the cryptocurrency is making a correction there may be a potential rise in the price to a $0.01000 upper resistance value in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
The bulls are now progressing upward on the medium-term outlook. The price of LBLOCKUSD can be seen slightly above the EMA-9, this means that it’s in a bullish trend.
The bulls’ pressure to the $0.0001907 resistance level during yesterday’s session has enhanced the coin price’s sustainability above the supply trend level in its recent high.
The formation of a bullish candle at the $0.0001843 resistance level above the EMA-9 as the 1-hourly chart opens today affirms the bullish presence in the market. The price bar which is above the supply line makes it capable for the coin to rise further.
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.
Furthermore, the daily stochastic indicates an uptrend 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 $0.01000 high mark in the coming days in its medium-term perspective.
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