Lucky Block Price Prediction- November 23
LBLOCKUSD is in an attempt to go positive after completing the low dips. LBLOCKUSD price looks for a bullish reversal. The coin price will turn upside soon if all the current supports hold and the bulls could add extra efforts to the buying pressure. A break above the $0.0001669 high mark would intensify a more bullish impact on the crypto.
Key Levels:
Resistance levels: $0.001660, $0.001760, $0.001860
Support levels: $0.001531, $0.001431, $0.001321
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The currency pair is in a bearish market in its long-term perspective as can be seen undeniably from the chart above. This is due to the interaction from the sell traders.
The market price of LBLOCKUSD at the moment at the $0.0001529 support level below the two moving averages as the 1-hourly chart opens today is a result of low bullish momentum.
Meanwhile, the Lucky Block price is at the oversold region as shown by the price indicator; it means that the selling pressure is ending soon. As a result of that, price reversal is certain, once this is achieved the upcoming bullish race might possibly reach the $0.01000 resistance level in the coming days in its long-term outlook
LBLOCKUSD Short-term Trend: Bearish (15-Minutes Chart)
On the 15-minute chart, LBLOCKUSD is in a downward move. The price movement of the currency pair is currently seen to be in the bearish direction in the short-term outlook. Thus, this will be hibernated soon as the bulls are now set in the oversold region to take us higher.
The bulls actually caused a rise to a $0.0001648 high level after which the short traders returned briefly and dropped the coin price to the $0.0001528 support value below the moving averages shortly after the 15-minute session opens today.
The current price retracement at the $0.0001531 supply level returns the bulls back to the market to resume and dominate the market. This bullish correction may likely prolong the recovery pressure on the price of Lucky Block.
The momentum indicator pointing up in the oversold region implies that the selling pressure is exhausted and the coin price may likely continue in an upward trend. Therefore bullish correction phase may likely hit the $0.01000 resistance trend line in the days ahead in its short-term view.
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