Lucky Block Price Prediction – March 20
The Lucky Block price is preparing for the next upward rally. The coin has just resumed its new upward rally, if all support level holds and resistance breaks out of the $0.0000945 level; we can see a further change in the coin price to retest the $0.0001099 high value and perhaps rise as high as $0.0001200 upper resistance level.
Key Levels:
Resistance levels: $0.0000600, $0.0000700, $0.0000800
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Analyzing the chart above, we can see that LBLOCKUSD is in a bearish market zone and also preparing for the next upward rally. The price currently trades below the EMA. This means that the coin is in a downtrend.
The price of the cryptocurrency has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $0.0000383 during yesterday’s session, but it now appears like the bulls are preparing for the next upward rally and driving us upward.
At the time of writing, the bulls overrode this and increased the Lucky Block price up to the $0.0000471 high mark below the moving averages even as the daily session opens today.
Hence, the current pullback at the $0.0000471 resistance mark suggests the return of the buy investors to dominate the market.
This indicates that bulls are gradually preparing for the next upward rally and may likely take over sooner. Thus, a break above the $0.0001099 supply mark would intensify the buying pressure on the crypto.
Meanwhile, the momentum indicator also signaled up indicating an uptrend. Buyers are expected to continue with the trend and in this case, the next upward rally might reach the $0.0001200 resistance value soon in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Lucky Block market price is below the moving averages preparing for the next upward rally on the medium-term outlook. This is clear as we can see the prices trading above the EMA-50.
The intervention of the sell traders to a $0.0000390 low value slows the pressure from the bulls down. Notwithstanding, the bulls are not relenting and are therefore preparing for the next upward rally.
The Lucky Block pair is preparing for the next upward rally as the bulls move the price action to the $0.0000413 supply value below the EMA-50 as the 4-hourly chart opens today.
However, the currency pair could grow further if the buy traders managed to break up the $0.0001099 previous high level, maintaining a further growth potential for the buy traders.
Additionally, the daily stochastic suggests an uptrend. This indicates a bullish continuation of the upward, which will allow the bulls to continue the current upward rally and may soon result in the $0.0001200 resistance trend line or higher in the medium-term forecast.
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