Lucky Block Price Prediction- February 1
LBLOCKUSD price is still in an uptrend despite the moves from the sell traders. The coin is actually making positive moves at the moment. There is a possibility for the crypto to swing up further and test the supply level of $0.0001775. Should the bulls increase their pressure, the resistance level of $0.0001635 may not hold and it may extend to a $0.01000 high level and beyond.
Levels:
Resistance levels: $0.002300, $0.002400, $0.002500
Support levels: $0.001600, $0.001500, $0.001400
LBLOCKUSD Long-term Trend: Bullish (1H Chart)
LBLOCKUSD indicates an upward trend with a bullish sentiment in its long-term perspective. The coin is trading above the level of $0.0001607. The market is presently facing resistance at the recent high.
The bulls were able to push the cryptocurrency up to the $0.0001661 resistance value during yesterday’s session and have enhanced the price to stay in green ready for an upward performance.
The coin price on the 1-hourly chart today is currently facing resistance and trading at the $0.0001639 correction level above the moving average lines. Further, the rising prices reclaimed more confirmation for a bullish recovery.
Therefore, if the bulls should increase their tension in the market, the price tendency will move above the key levels. Further, the rising prices reclaimed more confirmation for a bullish recovery.
In addition, the daily stochastic indicates an upward trend, this means that the buy investors may likely continue with the bullish correction pattern to retest the $0.0001775 high value which might further extend the Lucky Block price to reach the $0.01000 resistance mark soon in its long-term outlook.
LBLOCKUSD Short-term Trend: Bullish (15-Minutes Chart)
On the medium-term outlook, the LBLOCKUSD pair is in a resistance zone. Firstly, the crypto has broken above the moving averages which indicates a possible rise of the pair.
The bullish pressure at the $0.0001661 supply value in the previous action has sustained the coin price above the resistance levels in its recent price.
The coin price at the $0.0001634 support value which is above the two EMAs as the 15-minute chart opens today indicates an uptrend and a more bullish impact on the coin. Thus, staying above the supply trend levels will make it capable for the coin price to rise further.
Thus, the coin price is showing an upward direction on the daily signal. This implies that the price of Lucky Block may likely turn to the upside from the support value if the bulls should add more strength to their pressure. If this is achieved, the bullish rally might possibly hit a significant level of $0.01000 at the upside in the coming days in its lower time view.
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