Lucky Block Price Prediction – July 29
The LBLOCKUSD price will skyrocket to test the high of $0.0004450 mark as we can see the start of a new correction phase in place. The coin having rebounded will most likely continue its bullish correction and the price could go higher and hit the mentioned resistance value. If the bulls are able to break up the $0.0002999 supply mark, then we can expect a good upside momentum up to the $0.0004450 previous high value and beyond.
Key Levels:
Resistance levels: $0.0002100, $0.0002200, $0.0002300
Support levels: $0.0001000, $0.0000900, $0.0000800
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block market is having a bearish posture in its long-term outlook as can be seen from the chart above. Meanwhile, it also shows the impeding next big move in the price.
The bulls were able to push the cryptocurrency up to the $0.0001048 resistance value in the last few days and have enhanced the price to stay in green ready for an upward performance in recent times.
The coin price on the daily chart today is currently facing resistance and trading at the $0.0001067 correction level below the moving averages. Further, the rising prices reclaimed more confirmation for a bullish recovery.
Such lower price rejection indicates that buyers are defending this level and attempting to push the price higher. Hence, a strong push above the $0.0004450 barrier will offer strong resistance to the crypto price.
In addition, the selling pressure seems exhausted as indicated by the daily stochastic pointing down at around 18% in the oversold region.
This means that the buy investors may likely continue with the bullish correction pattern to retest the $0.0004450 high value which might further extend the LBLOCKUSD price to reach the $001000 upper resistance mark soon in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair’s orientation trades in a bearish market in its medium-term outlook. The price bar is seen below the moving averages.
The intervention of the sell traders at the $0.0001038 support level in the previous action has made the coin price drop below the supply trend line in its recent high.
The market value of LBLOCKUSD jumps up to the $0.0000979 high level below the moving averages as a pullback shortly after the commencement of the 4-hourly chart today, indicating that positive sentiment is returning to the market. Thus, buyers need to add more pressure to their activities to move the market beyond the current price level.
In addition, the Lucky Block market is showing more upside possibilities as shown by the daily stochastic pointing upwards in the oversold region; we can certainly expect more gains and strength from the coin. The pair may likely grow to retest the $0.0004450 resistance level in the days ahead in its medium-term perspective.
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