Lucky Block Price Prediction- December 27
The LBLOCKUSD price is likely to resume the upward movement and the $0.01000 resistance level might be the target. Should the bulls exchange hands with the bears at the $0.0001614 support value and hold it, the coin price might face the upside to reach the $0.01000 resistance value.
Key Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001650, $0.0001550, $0.0001450
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The price of LBLOCKUSD can be seen trading below the moving averages in its long-term outlook. This means that the pair is in a bearish market zone. This is due to the intervention from the short traders.
The bulls actually made a jump to the $0.0001670 supply value below the two moving averages during yesterday’s session and sustained it; this really enabled traders to sustain the green mark as the coin increases steadily.
The market was propelled higher by the bulls until it reached a new high at the $0.0001678 resistance mark above the moving averages as the 1-hourly session resumes today. This was overridden by the bears to a low at the $0.0001610 value.
The current price at the $0.0001611 supply level is an indication of the bulls’ return to stage a play in the market. Thus, if the bulls could regroup and push higher, a steady rise above the mentioned supply value will accelerate the new correction phase to a significant key level in the supply area.
However, further downside is unlikely as the coin market is oversold already. The emergence of the bulls is expected, if this is achieved the bullish correction pattern may push the coin price to the $0.01000 supply mark in the days ahead in its long-term outlook.
LBLOCKUSD Short-term Trend: Bearish (15-Minutes Chart)
The LBLOCKUSD pair can be seen in green below the moving averages in its short-term perspective. The buy traders are returning to the market gradually.
The long investors’ action on the crypto in the previous trading session has made it capable for the coin to remain in the green mark
Today, the bulls caused a rise to a $0.0001616 high level below the moving averages to resume its uptrend. From the look of things, it seems it will keep growing.
In addition to this, the Lucky Block price is pointing upward on the daily stochastic, indicating an upward move. We, therefore, expect a breakup of $0.0001678 supply value and growth of the coin price to the the$0.01000 high level in the nearby days in its lower time frame.
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