Lucky Block Price Prediction- February 23
Lucky Block‘s price is facing an increase in selling pressure and might hit the $0.0002500 supply value soon. The crypto will most likely continue its bullish correction and the price could go higher and hit the $0.0002500 resistance level, if the price is able to break up the $0.0002071, then we can expect a good upside momentum up to $0.01000.
Levels:
Resistance levels: $0.0002300, $0.0002400, $0.0002500
Support levels: $0.0001800, $0.0001700, $0.0001600
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
Despite the interference from the sellers, the LBLOCKUSD price still trades in the bullish trend market. Price is trading above the supply trend lines again. This however confirms the presence of more bulls’ impact on the coin.
The bulls’ pressure on the coin in the previous action at the $0.0001599 high value has made it capable for the price to remain strong above the supply trend lines.
The impulse move by buyers up to a $0.0001667 high level above the two EMAs earlier today indicates that the traders are actively buying at this level. Further, the rising prices reclaimed more confirmation for a bullish recovery.
In addition, the daily stochastic indicates an upward trend, this means that the buy investors may likely continue with the bull run and this may likely hit the $0.0002500 supply value which might possibly extend the coin price to the $0.01000 resistance level soon in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
The currency pair’s orientation trades in a bullish market in its medium-term outlook. The price bar is seen above the moving averages. The trend has just resumed its rising pattern but has not yet reached its goal.
The Lucky Block price has moved up to a $0.0001667 high level above the two EMAs as a pullback from sellers as the 1-hourly chart resumes today. This is a result of more concerns from the buy investors.
Therefore should the bulls increase their swagger in the market, the price is poised to pump up above the key resistance levels around $0.0002500.
Also, the momentum indicator which is pointing up indicates that the price of LBLOCKUSD is in an uptrend and may possibly remain in that direction to hit the $0.01000 supply level and beyond soon in the medium-term time frame.
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