Lucky Block Price Prediction – July 17
There is a possibility for the LBLOCKUSD price to skyrocket above the mentioned price level to resume the uphill rally soon. The coin may likely experience a bullish reversal price action and the price could be ready very soon for another upward move potential.
The coin price may bounce off the support line at the $0.0000861 value to reach the $0.002000 supply mark amid market uncertainty to maintain stable upside moves. If the bulls could push higher and the coin price turned up from the $0.0000861 support value and skyrocket above the $0.0003429 price level, the bearish thesis would get invalidated.
Levels:
Resistance levels: $0.0002100, $0.0002200, $0.0002300
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
As an outcome of low bullish momentum, the LBLOCKUSD trades in a bearish trend in the long-term outlook. The price bar can be seen trading below the two moving averages.
This is due to the high impact of short-term traders on the price flow. However, the bulls are now set to increase the trend and may likely break up the resistance level soon as the market price seems exhausted at the moment.
The bearish pressure at the $0.0001078 support level during yesterday’s session has made the coin stay below the supply trend levels in recent times.
Today, the bulls are trying hard to remain above the $0.0003429 supply mark, so there is a possibility for the coin price to pull back at the current support of $0.0000861 to invalidate the bearish theory.
However, long traders can join the market or invest in the crypto with the current trend and buy at a lower rate for more gains in the future. This will reflect an increase in the trend momentum.
Adding to that, the market price of Lucky Block is oversold already, thus, under the influence of this chart setup, the coin price is likely to reverse from the $0.0000861 low value and challenge the $0.0003429 neckline resistance to resume the bullish trend which is likely to reach the $0.002000 upper high point in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Lucky Block is in a bearish trend market zone in its medium-term outlook. This is due to the
high inflow from the sell traders. 
The sustained pressure from the bears at the $0.0001102 support level in the past few hours has contributed to its bearishness in its recent low.
Actions from the bears further dropped the coin price down to the $0.0000861 support level below the two EMAs as the 4-hourly chart resumes today. Thus, the price of Lucky Block is set to advance further if the bulls can redouble their efforts and push above the supply levels.
A retest to the dynamic supply trend line could replenish the bullish momentum in the LBLOCKUSD price and end the ongoing correction. The investors buying at this support can expect sustained growth above the $0.0002000 supply level.
In a like manner, LBLOCKUSD is likely going to reverse and face the upsides as the market is now pointing up around the 17% range of the daily stochastic; it means that the selling pressure will end soon. This will compel the buy traders to resume an uptrend and may likely skyrocket above the $0.00034291 price level soon in its medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply