Lucky Block Price Prediction – October 19
The Lucky Block price is on its way to the resistance trend line. Based on the outlook, the coin price may rise above the $0.0002000 high mark soon as it is set to face the positive side and this may continue. Thus, an increase in the bulls’ pressure may break the $0.0001602 supply value and this may swing the crypto’s price above the $0.0002000 supply trend lines and beyond.
Key Levels:
Resistance levels: $0.0001900, $0.000200, $0.0002100
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Analyzing the chart above, we can clearly see that LBLOCKUSD is in a bearish market zone. The price currently trades below the EMA-50, indicating a downward trend.
However, the trend is about to change and the coin price may likely rise above the supply levels soon as the buy traders can be seen warming up to take over.
The market value of Lucky Block has been slowed down due to the interaction from the bears to the $0.0000269 low value during yesterday’s session.
The bulls made a pullback to a $0.0000313 high mark below the EMA-50 as the daily session opens today. This suggests that the bulls are buying at this level and may likely rise above the supply level soon.
If the bulls should increase their price action, and bullish momentum is sustained far above the $0.0002000 previous resistance trend lines, further bearish sentiment will be hibernated.
Similarly, the LBLOCKUSD price may likely continue its journey up to the new resistance trend levels as indicated by the daily stochastic which is pointing downwards in the oversold region of the daily signal.
This means that the selling pressure is exhausted, thus, the upcoming bullish correction phase might possibly break the $0.0002000 previous high mark soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
In the medium-term time frame, the price of LBLOCKUSD can be seen slightly above the moving average and has confirmed a bullish momentum breaking the previous high. Thus, with persistent buying, the crypto price may rise above the supply level soon
The sustained bullish pressure at the $0.0000292 resistance level during the past session has made it possible for the coin to remain above the supply levels in its recent price level.
The price action at the $0.0000306 supply level slightly above the moving average shortly after the opening of the 4-hour chart today indicates a high buying level from the bulls. Thus, staying above the moving average will make it possible for the crypto to rise further.
Notably, the daily signal indicates an uptrend, thus, the Lucky Block pair may likely rise above the $ 0.0002000 high mark soon which might possibly expose the coin price to hit the $0.001000 upper high mark in the days ahead in its medium-time frame.
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