Lucky Block Price Prediction- February 24
LBLOCKUSD is facing increased pressure from the bulls and also remains stronger above the supply trend levels. Should the bulls add more energy to the price action in the market, the bullish rally may possibly extend the coin price to hit the $0.02000 upper resistance mark.
Key Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001500, $0.0001400, $0.0001300
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
The market value of LBLOCKUSD is in a bullish trend in its long-term outlook. The pair made it to the $0.0001708 resistance level during yesterday’s session and sustained it.
Today, buyers are successful as well as they pushed the crypto up to the $0.0001704 resistance value above the moving average lines, this implies that the buy traders are on top of the market at the present. The coin is expected to revisit the previous high of $0.0002071 value if additional effort is added to the buying pressure.
Also, the momentum indicator pointing up on the daily stochastic, implies that the price action of Lucky Block will continue in an upward trend if the current support level of $0.0001579 holds. If this is achieved, the bullish trend pattern may likely hit the $0.02000 high level in the days ahead in the long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
Lucky Block is displaying a bullish scenario in its medium-term outlook as can be seen from the chart below. The coin price has walked a lateral path, trying to sustain above the $0.0001608 support level.
The coin was able to reach a high of $0.0001708 level in the previous action and has enhanced the coin price to remain stronger above the supply trend levels.
The bulls caused a rise to a $0.0001704 high level which later declined to a low of $0.0001660 level above the moving average lines as the 1-hourly chart opens today.
Meanwhile, the current price at a $0.0001660 low value above the supply trend lines has not stale the market condition of the crypto. Traders are advised to seize the opportunity and buy this trend at a lower price to have more future gains ahead.
Hence, should the bulls exchange hands with the sell traders at the mentioned support and face the positive side, the price of LBLOCKUSD may likely extend to the $0.02000 upper high value in the days ahead and additional intraday gains would be recorded for the buy investors.
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