Lucky Block Price Prediction – September 14
The LBLOCKUSD pair can enter the recovery mood soon as the coin is now about correcting the upside at the moment. If the forces from buyers in the market should increase and the current support level at $0.0000934 holds, the coin price may rise further to retest the $0.0003429 high and set the potential for future growth.
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price is in a bearish trend in its long-term view. The bears are now involved in the order flow, but it seems that the price will soon enter the recovery mood as the bulls are about to take over and push us higher.
The sustained bearish pressure at $0.0000935 in the past few days has made the crypto’s price stay below the supply trend line in its recent low.
Today, the bulls are trying hard to remain above the $0.0001146 supply mark, so the coin price can pull back at the current support of $0.0000934 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.
With the overall market trend still bearish, if the buy traders could push harder and exchange hands with the sell traders at the mentioned support, the LBLOCKUSD price is likely to plunge higher and retest the high accumulation zone of $0.0003429 level and obtain a higher footing to rise further.
Meanwhile, the Lucky Block price is pointing up below the 20% range of the daily stochastic. This will compel more bulls to resume and enter the bullish recovery mood and in this case, the upcoming trend may jump up to revisit the $0.0003429 level which might lead the coin price to the $0.001000 upper resistance trend level in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The Lucky Block price is forming lower lows and lower highs on its medium-term chart. Further, the price is trading below the two EMAs; which means that it’s in a bearish market zone at the moment. However, the coin is about to enter the recovery mood, as we are seeing a new correction in place.
The bears’ pressure on the crypto to a $0.0000916 low level in the past few hours has dropped the price down below the supply trend levels in recent times.
Hence, after completing the lows, the coin price rebounded from the mentioned support to a $0.0000935 high level below the two EMAs as the 4-hourly chart resumes today. This is a result of more concerns from the buy investors.
Thus, if additional buying pressure is added, the price of LBLOCKUSD will rise speedily to test the previous supply of $0.0001602 neckline and set the potential for further growth.
In addition, the daily stochastic indicates an upward trend; this means that the buy investors may likely continue with the recovery mood and the target might be the $0.001000 resistance level soon in its medium-term outlook.
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