Lucky Block Price Prediction – August 25
LBLOCKUSD price breakout and bullish continuation at the moment is due to the high impact of the buying traders defending at the $0.0000952 support level to increase the upticks. The crypto which has just resumed its bullish continuation, will go up and move higher above the current resistance level if buyers should triple their efforts to forecast a bullish increase in the market above the $0.0002999 resistance level, $0.0004450 previous swing high may be retested soon.
Levels:
Resistance levels: $0.0001000, $0.0001100, $0.0001200
Support levels: $0.0000800, $0.0000700, $0.0000600
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD price seems to have pulled back a little but the overall trend is still bullish. As a result of price rejection at this level, there was an immediate reversal.
The high bullish move to a $0.0000980 resistance level on the 22nd of August has sustained the crypto’s price above the moving average lines in its recent high.
Today, the price of Lucky Block is making higher highs and higher lows. However, presently the coin trades at the $0.0000999 resistance value slightly above the EMA-9; this implies a gradual weakness in the strength of the sell traders while buyers are becoming more active.
The price breakout and bullish continuation at the $0.0000999 high mark makes can offer buyers an opportunity to counterattack.
However, if the buy traders successfully keep the LBLOCKUSD prices above a $0.0002999 high mark, a retest of the previous high at the $0.0004450 level is possible soon which would offer buyers an opportunity for a good and smooth entry.
Notably, fresh entries by the buy traders toward the higher side are likely as indicated by the momentum indicator pointing upward. The buy investors could therefore aim at the retest of $0.0004450 high level soon in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Despite the interference of short-term traders in the price flow, the medium-term time frame market shows a bullish race. The price of LBLOCKUSD can now be seen progressing upward above the moving averages. This shows that buyers are currently gaining more strength in the market.
In the previous session, the price closed at the $0.0000960 supply level which made it easier for the coin price to rise above the resistance lines in recent times.
Additional buying pressure pushed the price of Lucky Block to a $0.000999 high level above the supply levels shortly after the 4-hour chart opened today. This will however give the buy traders the tendency to further ladder up the trend. To push the price above the supply zone more buyers’ participation is a prerequisite.
Similarly, there is a possibility of more upsides as shown by the daily stochastic pointing up; it is expected of the long traders to continue with the bullish race to a significant level, thus, the price breakout and bullish continuation may reach the $0.0004450 previous high level soon in the medium-term time frame as we watch the market turns strongly bullish.
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