Lucky Block Price Prediction – July 21
The LBLOCKUSD price is set to begin the macro uptrend rally to the upside as the crypto has decided to embark on the up north journey. There is a possibility for the coin price to keep rising and may increase to revisit $0.0003429 previous high value. The coin price may likely continue with the high hike provided buyers don’t give up and increase their momentum pressure in the market. The coin might turn upside further to hit the $0.002000 upper high level and beyond.
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)
As an outcome of the low volume from the bulls, the LBLOCKUSD pair is in a bearish trend in the higher time frame. The price currently trades below the moving average lines confirming a downtrend.
The price drop to the $0.0000954 low value in the past few days has made the coin price trade below the supply levels in recent times. This will soon be invalidated as the bulls are now set to begin the new macro uptrend rally.
After completing the dip-lows by sellers, an additional effort was added by the bulls and the price jumped up to a $0.0001024 high mark below the moving averages as the daily chart opens today. This suggests that traders are really responding to the price actions in the market.
If the bulls could add more strength to their buying actions and push past the resistance trend levels, they will attract more investors to seek exposure to Lucky Block, thus building enough momentum for a breakout to the $0.0003429 previous swing high.
Hence, the market is pointing upwards on the daily stochastic; this will quicken the emergence of more buyers to move the price of LBLOCKUSD up to a significant level at the upside and this might hit the $0.02000 supply trend mark, thus registering a buy signal for the coin traders as the market continues its macro uptrend rally in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Despite the interference from sellers, the LBLOCKUSD price still trades in the bullish trend market in its medium-term outlook. Price is trading slightly above the EMA-9. This however confirms the presence of more bulls’ impact on the coin.
The bulls were able to push the cryptocurrency up to the $0.0001014 resistance value during yesterday’s session and have enhanced the price to stay in green ready for an upward performance in its recent high.
Earlier today, the bulls made a corrective rally up to a $0.0001024 high level above the EMA-9 shortly after the 4-hourly session opens today. This shows the high commitment on the part of the buy investors and will enable buyers to influence the price tendency amid market uncertainties.
Should the bulls prove stronger and added more effort to the buying pressure, the Lucky Block price sustainability above the mentioned levels could fuel the next macro upswing to retest the previous high of $0.0002000 value.
In addition to that, the daily stochastic indicates an uptrend, if the bulls should add more aggression to their activities in the market; $0.00200 upper resistance level might be reached soon in its medium-term perspective.
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