Lucky Block Price Prediction- August 23
LBLOCKUSD is about to resume its bullish race. The cryptocurrency is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the price may likely reverse to the $0.002021 level and face the positive side.
Resistance levels: $0.002500, $0.002600, $0.002700
Support levels: $0.002020, $0.002010, $0.00200LBLOCKUSD Long-term Trend: Bearish (4H Chart)
As shown in the chart, the price is in a downtrend. In the previous action, the price has been making both the lower lows and lower highs and high highs and higher lows. The Lucky Block price earlier today gave a bullish impulse move from $0.002037 to $0.002045, which gave the coin the tendency to rise further.
Further, there is likely to be a potential increase in LBLOCKUSD soon as the market has reached the oversold region of the daily stochastic.
If that occurs, the first upside target could be $0.002755 followed by $0.003000 in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)On the lower time frame, the DeFi Coin price can be seen below the EMAs, which means that the price is in a bearish market arena.
The buy traders caused a rise to a $0.002185 supply level after which the sellers return and drove the price down to a $0.001977 low level.
Hence, price pullback may likely occur at the mentioned support level as the market is overbought at the present. We now look at the emergence of the buy traders to resume a fresh uptrend soon to reach a significant level of $0.003000 soon in its lower time frame.
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