Lucky Block Price Prediction- November 19
LBLOCKUSD is likely to face the positive side soon. LBLOCKUSD Price to Resume an Uptrend Soon. After testing the bottom support, a usual response would be a bullish reversal; should buyers wrestle with sellers and make a correction from the $0.0001613 support level, the bullish momentum might possibly drive the coin price to a high at $0.04000 supply trend line.
Key Levels:
Resistance levels: $0.0002200, $0.0002300, $0.0002400
Support levels: $0.0001600, $0.0001500, $0.0001400
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
As an outcome of low bullish momentum, the LBLOCKUSD trades in a bearish trend. Sellers are hindering the market from smashing through the supply zones.
The current coin price at the $0.0001613 support level is a result of the high impact of the short traders.
Thus, traders may seize this opportunity to buy this trend at a lower price so as to make future gains. Hence, if bulls should increase their price action, and bullish momentum is sustained, the cryptocurrency will resume an upside momentum and the market value may likely retest the previous swing high at the $0.0001905 resistance value.
However, the market has reached the oversold region, therefore there is a possibility of an increase in the price of Lucky Block in the days ahead. In this case price rejection at the mentioned support mark is imminent. If this is achieved the bullish correction phase might reach the $0.04000 resistance mark as we watch the Lucky Block market turns bullish sooner in its long-term outlook.
LBLOCKUSD Short-term Trend: Bearish (15-Minutes Chart)
The market value of Lucky Block on the lower time frame (15 minutes) at the $0.0001618 resistance value is seen below the moving averages. This means that the bulls are as a result of this set for an increase in the market price of LBLOCKUSD. The correction from the bulls at the mentioned supply level will further encourage recovery and may possibly breach the $0.0001723 supply level.
Likewise, if the buy traders should increase their price action, and bullish momentum is sustained, the cryptocurrency may likely pump up to a significant level of $0.04000 and beyond in the upside before the close of today. This signals a BUY trade again in its lower time frame.
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