Lucky Block Price Prediction- December 23
The LBLOCKUSD market is set for another upward performance as the crypto now trades in green in the oversold region. The coin price may likely increase to the upside if all the support level holds and the bulls should put more aggression to their activities, the price may likely rally up to a $0.02000 high level.
Key Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001980, $0.0001880, $0.0001780
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The Lucky Block price is in bearish market sentiment in its long-term perspective. This is due to the gradual inflow from the short traders. The coin is now retracing from the support zone, this sends a clear buy signal for the next move.
The bears’ involvement in the market action at the $0.001979 low value during the previous action has supported the bearishness of the crypto to trade below the supply trend line. Thus, this is ending soon as the market is oversold.
As a result, the coin price reverted from the $0.0001979 low level and tumbled to a $0.0001981 high mark below the moving average lines as the 1-hourly chart opens today. This suggests a hint at a better possibility of price reversal.
Furthermore, should the bulls put more aggression in their trading pattern; the potential breakout from the immediate resistance of $0.000268 will give additional confirmation for a bullish recovery.
In addition, the LBLOCKUSD pair is trading below the 20% range of the daily stochastic. The market is oversold. This implies that the selling pressure is over and the next bullish ride may likely hit the $0.02000 resistance level soon as the bulls look for more gains in its long-term perspective.
LBLOCKUSD Short-term Trend: Bearish (15-Minutes Chart)
Due to the inflow from sellers, the price action of Lucky Block shows a bearish posture in its lower time frame. The high concentration from the short traders in the past actions has made the coin price trade below the supply trend lines.
The bulls are trying hard not to fall again as the market value of the coin jumped to a $0.0001981 high value below the moving averages shortly after the commencement of the 15-minute session today.
Hence, the potential breakout from the immediately mentioned resistance will give additional confirmation for a bullish recovery.
Meanwhile, the market price of LBLOCKUSD is in the oversold region of the stochastic, this means that the selling pressure has reached exhaustion, and the expected upside move in the price might possibly reach the $0.02000 resistance level in the coming days in its short-term outlook.
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