Lucky Block Price Prediction – July 10
LBLOCKUSD is currently gathering momentum to the upside after completing the dip-lows. The coin now has the potential to rise further as we can see a bullish correction in place. The price is now facing the resistance channel at the $0.00010.94 level; if the bulls increase their strength and the price closes above this level, the price next jump may reach the $0.02000 supply level which would be a turnaround for coin holders.
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 LBLOCKUSD pair is in a bearish market zone in its long-term outlook. The price bars are below the moving averages, indicating a downward trend. This is due to the high interference from sellers which is about to end soon.
Meanwhile, it seems that the bulls are about to take over and push us higher as we can see a bullish correction in place at the present.
The bears’ move to the $0.0000920 support value during yesterday’s session has dropped the coin price below the supply trend lines in its recent trading times.
The bullish pressure moves the crypto’s price up to the $0.0001848 resistance level below the two EMAs as the daily chart opens today. This suggests that buyers are coming in a grand style to dominate the market and sellers are getting weaker.
Hence, if the buying pressure persists, the bulls will approach a potential target of $0.0002890, followed by $0.02000.
Similarly, the Lucky Block price now indicates an uptrend in the oversold region; this suggests that the buying pressure has just begun.
Thus, the forthcoming bullish rally may increase the crypto price to a high at the $0.0003429 level and extend to the $0.02000 upper resistance trend line in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Analyzing the chart below, we can clearly see LBLOCKUSD is in a bullish market zone. The price currently trades above the EMA-9 making higher highs and moving towards the significant upper resistance area.
The sustained bullish pressure at the $0.000970 level during yesterday’s session made it possible for the buy investors to retain the strength in recent times.
The bulls caused an increase to the $0.0001094 resistance level above the EMA-9 as the 4-hourly chart opens today, this confirms the presence of more bulls in the market at the moment.
A rise above the overhead trend line with candle closing will invalidate the bearish thesis and bolster buyers for higher recovery.
Meanwhile, the price of Lucky Block may likely rise further as the bulls are seen clustered around the market, the next price target could be the $0.02000 supply mark in its medium-term outlook.
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