Lucky Block Price Prediction – July 26
LBLOCKUSD at the moment is currently recovering and showing positive signs above the $0.0001011 supply level, the coin may likely remain in the same trend and further rise up to the upper resistance level if all the support holds and the buy traders could exert more force into the market. Should there be an aggressive force by buyers; the bullish correction pattern may increase the coin price to retest the $0.0004450 previous high which might possibly hit the $0.001000 supply trend line.
Levels:
Resistance levels: $0.0003500, $0.0004000, $0.0005000
Support levels: $0.0000900 $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD price seems to have pullback a little but the overall trend is still bullish in its long-term outlook. As a result of price rejection at this level, there was an immediate reversal.
Buyers pushed the price higher to the $0.0001048 resistance level during yesterday’s session and sustained it. This made it capable for the coin to remain in an uptrend in recent times.
The coin price finds resistance at the $0.0001045 value above the EMA-9 but below the EMA-50 as the daily session opens today. This suggests an uptrend in the context of the strength of the market and also shows that buyers are still in dominant the price actions at present.
However, if the buy traders successfully keep the Lucky Block prices above the $0.0002973 value, a retest of the previous high at the $0.0004450 level is possible which might further extend to the $0.001000 upper high value in the coming days in its higher time forecast.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD pair remains in the bullish market zone in its medium-term view. The price staying above the two EMAs which are glued together confirms its bullishness and the high impact from the bulls.
The coin has been making higher highs and higher lows in previous actions; this has made it possible for the price to maintain an uptrend in recent times.
The market price of Lucky Block at the $0.0001045 supply level staying above the two EMAs as the 4-hourly chart opens today, is an indication that the coin is actually traded by the buy traders, this also connotes more intraday gains for the buy investors.
However, with sustained buying, the coin price may like to test the supply strength of the recently breached $0.0001500 level and set the potential pattern for further growth.
Further, there is likely to be a breakout attempt soon as the price of LBLOCKUSD now points up on the daily stochastic.
If the bulls could change their orientation and push harder, the next bullish race may possibly extend to the $0.001000 resistance trend line in the coming days in its medium-term time frame.
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