Lucky Block Price Prediction – November 7
LBLOCKUSD price is currently facing resistance running a bullish race and the price could reach a high at the upper resistance level if the bullish momentum persists and remains stable. Thus, a sharp breakout and closure above the current correction phase at a $0.0000282 high value will invalidate any bearish thesis and the price might hit the high at $0.0002000 resistance level and beyond.
Key Levels:
Resistance levels: $0.0001000, $0.0001100, $0.0001200
Support levels: $0.0000700, $0.0000600, $0.0000500
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Lucky Block is possibly making its way up and the price could reach a high at the upper resistance soon after hitting the $0.0000268 supply level to overcome selling pressure to signal a pump-up in its higher time frame. It looks like the price will want to bounce up again in the long term.
The coin price found resistance at the $0.0000253 value in the previous action; this has made it possible for the coin to remain in a bullish trend zone in its recent high.
The bulls made an increase to the $0.0000282 supply value below the EMA-50 shortly after the daily chart opened today. This indicates that the buy investors are actually dealing in the coin investment. Therefore, if the bulls could increase their tension in the market, the price tendency could reach a high of $0.0001602 level resulting in a higher gain for the interested traders.
Notably, the LBLOCKUSD price is also pointing upwards, this suggests that the coin price may likely continue in an upward direction and this could reach the $0.0002000 supply trend line in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The cryptocurrency pair remains under upward pressure on the medium-term outlook. The price of Lucky Block is now strongly trading above the moving averages and this could reach the upper resistance soon. Thus, the recent market structure has favored the bulls.
The bulls’ pressure on the coin to the $0.0000268 supply value during the past session has sustained the coin price above the resistance trend levels in its recent price level.
Today’s 4-hour chart shows a more extensive price rebound. As the bulls took control of the market, the coin surged to a supply level of $0.0000282, above the moving averages, with the look of things the crypto could reach the previous high at $0.0000347 value soon and provide a higher footing to push the bull rally forward.
In addition, more upsides are still coming as shown by the stochastic oscillator pointing upwards to indicate an uptrend. As a result, the bullish rally could reach the $0.0002000 high value in no long time in the medium-term time frame.
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