Lucky Block Price Prediction- September 2
Lucky Block’s price is getting set to resume its positive moves soon. The price is likely to retrace from the current support level. Should the current support level holds, the price will definitely increase and possibly reach a high of $0.2000 as it resumes an uptrend soon.
Resistance levels: $0.002500, $0.002600, $0.002700
Support levels: $0.001599, $0.001499, $0.001399
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
LBLOCKUSD is in a bearish market zone in its long-term perspective. As an outcome of low bullish momentum, the sellers are hindering the market from smashing through the resistance zones. However, this is likely running to an end at the moment as the bulls are taking their place right away.
The bulls caused a rise in the value of the coin to the $0.001640 supply level shortly after the commencement of the 4-hourly session today. The price of Lucky Block might further increase if the buy traders can redouble their efforts.
Meanwhile, further upside is likely as the market is oversold already. Therefore, if all the support level holds in place, we could see the shift in the trend to a $0.2000 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
The currency pair is in a bearish market zone in the lower time frame. The bulls could not relent anyway, so, the price movement after dropping to a $0.001598 low level shortly after today’s 1-hourly session opening, the price of LBLOCKUSD rise significantly to a $0.001640 high level.
The price of Lucky Block may increase further if the buy traders exert more force in the market, a key level above the $0.2000 high level might be reached.
Additionally, the selling pressure has reached bearish exhaustion; the currency pair has reached the oversold region of the market. The bulls are expected to resume an uptrend soon and push the price further up. The target might possibly be a $0.2000 high value in the days ahead in its lower time frame.
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