Lucky Block Price Prediction – January 8
LBLOCKUSD‘s price is very likely to reverse at the current support at $0.0000493 as soon as the coin market seems to have reached a bearish exhaustion. A bullish breakout confirmation that closes above the $0.0001602 resistance level would indicate that the market is feeling more optimistic. Therefore, a post-retest rally could increase prices and reach the resistance trend level of $0.001000.
Levels:
Resistance levels: $0.0000600, $0.0000700, $0.0000800
Support levels: $0.00004500, $0.0000400, $0.0000350
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The momentum on the higher time frame of LBLOCKUSD remains bullish despite the activities of the bears on the crypto. However, the coin is poised to reverse at the current support as the market now points up on the daily signal.
The sustained bullish pressure at the $0.00005570 supply value during yesterday’s session has made the crypto price retain its strength above the supply levels in recent times.
The drop in the price of Lucky Block to the $0.0000493 low value as the daily chart commenced today has no serious effect on the market as the price remains in an uptrend.
Hence, staying above the supply levels indicates a strong possibility for a bullish correction.
A strong breakup above the $0.0001602 resistance point would strengthen the bullish pressure.
Notably, the coin price is about to reverse as the market points up on the daily stochastic, a price reversal at the aforementioned support is possible in the interim.
In the long run, this anticipated bullish surge could break through the $0.0001602 high point and reach the $0.001000 upper resistance value in the upcoming days.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is trading in a bearish market in its medium-term outlook. This is due to the high influence of the sell traders. 
Sustained pressure from the short traders to a $0.0000499 low mark in the previous action has led the LBLOCKUSD price below the supply levels in recent times. Meanwhile, the coin price is likely to reverse at the recent trend as the market now suggests an uptrend on the daily signal.
The coin plummeted to a $0.0000493 low level beneath the EMA-50 as the 4-hour chart resumes today. Nevertheless, today’s price drop has still not stalled the bull run as it remains intact. Traders might now seize this opportunity to invest in the coin at a cheaper rate.
Thus, if the bulls can put extra effort into the price action the price of Lucky Block could reverse and break above the $0.0000970 supply mark, as a result of this, further selling pressure will be put into hibernation.
In continuation, the market price of LBLOCKUSD is in an upward direction on the daily stochastic, this means that the coin price is likely to reverse at the $0.0000493 support level soon and the expected upside move in the price could be high at $0.001000, swing high in the coming days in its medium-term outlook.
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