Lucky Block Price Prediction- May 18
LBLOCKUSD price is in an attempt for the next big bounce as the coin is now set for the next bull cycle and a swift increase is expected to follow soon. Therefore, a bullish crossover above the $0.0003429 high mark will encourage the buy investors for a longer correction and this might reach a high at the $0.1000 upper supply trend line.
Levels:
Resistance levels: $0.0002100, $0.0002200, $0.0002300
Support levels: $0.0001400, $0.0001300, $0.0001200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair is trading in the bearish trend market in its long-term outlook. The price bar can be seen in green slightly below the moving average lines and has confirmed its bearishness.
The interference of short-term traders to the $0.0001414 low level during yesterday’s session has contributed to its bearish momentum in its recent high.
We have also spotted a breakout and the start of a continuation to the upside. Currently, the coin price made a pullback at the $0.0001440 value which further increases to the $0.0001656 supply value below the two EMAs as a correction phase with intraday gains as the daily chart opens today.
Such lower price rejection indicates that buyers are defending this level and attempting to push the price higher. Hence, a strong push above the $0.0003429 supply level will offer strong resistance to the crypto price.
Also, Lucky Block is showing more upside possibilities as we can certainly expect more strength from the coin and this may likely get to a $0.1000 upper resistance mark in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD rebounded after its downside moves. The coin is now finding its way to the overhead resistance level in its medium-term time frame. The market shows that the price may currently be trading in a new ascending channel.
The bulls have sustained the cryptocurrency market at the $0.0001738 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger in its recent high.
The momentum remains in an uptrend despite the push from the short traders, the bulls made a touch at the $0.0001656 high mark above the EMA-9 as the 4-hourly chart resumes today. This trend pattern proves the impact of bullishness on the cryptocurrency.
In addition, the momentum indicator shows that the price of Lucky Block will still bounce up, so we expect the price distribution to reach the $0.1000 supply level and beyond in the coming days in its medium-term-term outlook.
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