Lucky Block Price Prediction – January 27
The LBLOCKUSD pair is rising and making its way up to the bullish territory. The coin is possibly making its way up after hitting the $0.0000370 low level to signal a pump. The cryptocurrency will therefore enter a bullish trend if it makes a significant push from its present price at the $0.0000418 supply value above the supply trend levels. This push might extend to the $0.0002000 upper barrier level, giving buy traders immediate gains.
Key Levels:
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD has started its bullish sprint again by making its way up to the bullish territory in its long-term outlook. The pair, however, indicates a downward trend with a bearish sentiment by trading in green below the EMA line.
Nevertheless, the current trend will soon be nullified as the market has now resumed its bullish race to the bullish territory, to give the best trading crypto signals to the investors.
The sustained bearish pressure at the $0.0000370 support value has made the crypto price drop below the supply levels in recent times. However, the bulls are now set to further swing the coin price up to the bullish territory.
At the time of writing, the coin price on the daily chart today is currently facing bullish territory and trading at the $0.0000418 correction level. This indicates that bulls are gradually gaining access to the market at present and may likely take over sooner.
Therefore, if the bulls should increase their tension in the market, the price tendency will move above the key levels.
Additionally, the daily stochastic remains in an upward direction in the oversold region.
Hence, if the Lucky Block buyers manage to break above the $0.0001228 previous supply trend line, the market participants may witness a new recovery rally and this may likely reach the $0.0002000 high mark in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair’s orientation trades in a bearish market in its medium-term outlook. The price of Lucky Block can be seen below the moving average line making its way to the bullish territory.
The intervention from the sell traders at the $0.0000383 low value in the previous action has made the coin price drop below the supply trend line in its recent high.
The market value of LBLOCKUSD jumps up to the $0.0000418 high level below the EMA-50 shortly after the commencement of the 4-hour chart today, indicating that positive sentiment is returning to the market.
Thus, buyers need to add more pressure to their activities to move the market beyond the current price level to the bullish territory.
Hence, the pair pointing up on the daily stochastic means that the buying pressure may continue, and suggests a possible recovery of $0.0002000 supply level in the coming days in the medium-term time frame.
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