Lucky Block Price Prediction- December 12
It is about time for the LBLOCKUSD price to swing above the $0.0003083 supply level. The crypto may likely finish the dip-lows and resume the upside move soon if the current support at the $0.0002233 support value holds. Further increase in the bulls’ pressure may break up the $0.0003083 supply level and this may swing the price up to a $0.2000 high level.
Levels:
Resistance levels: $0.0002700, $0.0002800, $0.0002900
Support levels: $0.0002200, $0.0002100, $0.00002000
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The currency pair is trading in a bearish market in its long-term outlook. This is due to the high influence of the sell traders. The coin was able to reach a high of $0.0002290 level in the previous action.
Today, after hitting the $0.0002500 resistance mark, the Lucky Block price faces strong rejection near the critical $0.0002226 level as it forms a support zone.
Meanwhile, the current price at a $0.0002233 low value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Hence, should the bulls exchange hands with the sell traders and close above the $0.0002500 resistance value, additional intraday gains would be recorded for the buy investors.
Additionally, the price of LBLOCKUSD might possibly swing up above its previous high at the $0.0003083 value soon as the coin market price now approaches the oversold region, this will compel the bulls to resume the upward movement and in this case, the price might push higher to the $0.02000 supply mark and beyond in the days ahead in its higher time frame.
LBLOCKUSD Short-term Trend: Bearish (15-Minutes Chart)
The LBLOCKUSD market is in a bearish market at the moment in its lower time frame. From the chart below, the price can be seen in green below the EMAs.
The bulls managed to push the coin price to the $0.0002284 resistance point after which the interaction from the short traders drove the price down to a $0.0002024 low level during yesterday’s session.
The bulls caused a rise to a $0.0002500 high level which later declined to a low at $0.0002226 level as the 15-minutes chart opens today. Exhaustion sets in as the bulls made a correction at the $0.000242 high trend line. This affirms a speedy return and the high impact of the buy investors in the market to move the coin market higher.
However, a further increase in the bulls’ action may break above the previous high at the $0.0002500 value which will result in more gains for the coin holders.
Hence, if the Lucky Block price sustains above the mentioned resistance level, the resulting rally may surpass the $0.0003083 high level and hit the $0.02000 psychological level at the upside in the days ahead in the lower time frame.
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