Lucky Block Price Prediction – November 1
The Lucky Block price selling pressure is about ending; hence the coin could see another uptrend trend soon as the market seems oversold. The coin price may likely experience a price reversal at the current support at $0.0000255 level and it may soon be prepared for another probable upward surge. The coin price may perhaps retrace to retest the previous high of $0. 0000882 mark and even surpass it if buyers can demonstrate their strength and trade hands with sellers at the current support level of $0.0000255, the crypto price could jump to the $0.002000 upper resistance level which would stabilize the future gains of the interested traders.
Key Levels:
Resistance levels: $0.0000900, $0.0001000, $0.0001200
Support levels: $0.0000700, $0.0000600, $0.0000500
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD market is having a bearish posture in its long-term outlook as can be seen from the chart above. Further, the crypto could see another uptrend soon as the market is oversold already.
The sustained pressure from the bears at the $0.0000251 support level during yesterday’s session has contributed to its bearishness in its recent low.
Today, the bulls are trying hard to remain above the $0.0001900 supply mark, so there is a possibility for the coin price to pull back at the current support of $0.0000255 to invalidate the bearish theory.
However, long traders can join the market or invest in the crypto with the current trend and buy at a lower rate for more gains in the future. This will reflect an increase in the trend momentum.
With the overall market trend still bearish, the Lucky Block price is likely to see another uptrend and retest the high accumulation zone of $0.0001900 level.
Similarly, the market price of LBLOCKUSD is now at the oversold region, this suggests that the coin price could see another uptrend soon which might further increase to a $0.002000 upper resistance level in the days to come which could lead to additional gains for the buy investors in its long –term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
According to the chart below, the medium-term outlook for the Lucky Block market is in a bearish trend zone. It also indicates that the coin price could see another uptrend soon as the market selling pressure seems to be exhausted.
The price drop to the $0.0000251 low value during the previous action has made the coin price trade below the supply levels in its recent low.
The bears resumed today and dropped the price of LBLOCKUSD down to the $0.0000255 support level below the two EMAs as the 4-hour chart resumes.
Thus, the anticipated bullish reversal could kick start a new recovery cycle and may push the coin price above the $0.0000440 high level, if the bulls could add more strength to their buying forces.
Further, Lucky Block could see another uptrend and is likely going to face the upsides soon as the market is now trading around the 12% range of the daily stochastic; it means that the selling pressure is exhausted.
This will compel the buy traders to resume an uptrend and may likely break up the $0.0000440 supply level soon which could expose the price to a $0.0020000 upper resistance value in the later days in its medium-term perspective.
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