Lucky Block Price Prediction – October 11
LBLOCKUSD is likely to bounce off the support line and face the positive side soon. After testing the bottom support, a usual response would be a bullish reversal; should buyers eventually wrestle trend control from sellers and rebound from the $0.0000261 support level, the bullish momentum might possibly drive the coin price to a high at $0.001000 supply trend line.
Key Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The trend on the daily chart is obviously bearish; prices are traded below the EMA line which confirms its bearishness. The price of LBLOCKUSD has been printing lower lows for a while now. However, the crypto may bounce off the support line to the resistance level soon as the market is oversold already.
Actions from the bears further dropped the coin price down to the $0.0000261 support level below the EMA as the daily chart resumes today.
An additional effort by the bulls and a retest to the dynamic supply trend line could release the trapped bullish momentum in the Lucky Block price and end the ongoing correction. The investors buying at this support can expect sustained growth above the $0.0002000 high level which will put further decline into hibernation.
In continuation, the price of LBLOCKUSD may bounce off the support soon and more upsides are likely as the market is oversold already. This will compel the buy traders to resume an upside move soon.
The price might likely rebound at the current support level to reach a $0.001000 supply level in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is showing a bearish sentiment in the medium-term time frame. The price actions can be seen below the moving average. Thus, the bulls are set to bounce off the support line as we are seeing a new correction in place.
The high bearish pressure on the coin in the past few hours has made the price of LBLOCKUSD remain below the resistance line in its recent low.
The bulls are not relenting, an increase in price to the $0.0000284 supply value below the EMA as the 4-hour session opens today, shows that buyers are gradually returning to the market to dominate and also dictate the Lucky Block price actions.
Thus, traders are hereby advised to seize the opportunity and buy the coin now to have more gains ahead.
Furthermore, the price of Lucky Block may possibly bounce off the support zone and rise further if the current support level at $0.0000261 holds. The price action may head to the $0.001000 supply level and beyond in its medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
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