Lucky Block Price Prediction – December 1
The market value of LBLOCKUSD is presently going up and also holds a recovery opportunity with a bullish reversal pattern. The coin may likely bounce up to the $0.0002000 supply level as it faces the upper channel. The potential breakout from the immediate resistance of the $0.0001602 level will give additional confirmation for bullish a recovery, if the bulls could increase their efforts in the market.
Key Levels:
Resistance levels: $0.0000900, $0.0001000, $0.0001100
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is bearish trading below the EMA-50 in its long-term outlook. Further, the coin price may likely bounce up to the level of $0.0002000 amidst a market surge as buyers have just begun their recovery pattern.
The crypto price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days.
With the positive sentiment, the Lucky Block price bounced up to the $0.0000320 resistance value below the moving averages as the daily chart opens today.
Thus, a possible breakout from the $0.0001297 neckline will accelerate the buying momentum and push the prices higher to hit the 0.0001602 previous resistance levels. This will bolster more buying pressure on the crypto to the upper resistance levels.
In a like manner, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $0.0001602 previous high, the resulting rally may bounce up to level $0.0002000 psychological level at the upside in the days ahead in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Analyzing the chart below, we can clearly see that LBLOCKUSD is in a bullish market zone. The price currently trades above the EMA-50. This means that the coin is in an uptrend and may likely bounce up to level $0.0002000 amidst market surge.
During yesterday’s session, the pair reached and held the $0.0000296 resistance level. This has made it possible for the coin to remain in an uptrend in its recent high.
Today’s 4-hour bullish candle at $0.0000320 supply value above the moving average confirms the bulls’ dominance in the market. This breakup may possibly accelerate the bullish momentum and extend the ongoing correction to a higher level.
Additionally, the price of Lucky Block might increase further if the bulls could push harder, if this is achieved, the price might possibly bounce up to the $0.0002000 resistance level in the nearby days and beyond in its medium-term time frame.
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