Lucky Block Price Prediction- January 13
Amidst the downward movement, the LBLOCKUSD price will bounce up again and break out to the upside if the bulls should increase their tension in the market. The current resistance mark at $0.0002066 suggests that buyers are making a recovery attempt. Thus, if the price should break up the mentioned high value, the upcoming potential rally could surge higher to hit the $0.01000 supply trend line and beyond.
Levels:
Resistance levels: $0.0002150, $0.0002250, $0.0002300
Support levels: $0.0002139, $0.0002039, $0.0001939
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
On the 1-hourly chart, Lucky Block is trading below the moving averages, which means that it’s in a bearish trend zone.
In the previous hour, the cryptocurrency reached a high of $0.0002195 above the moving averages after which the bears took over the market.
After completing the downward moves by the short traders at the $0.0002039 support level, the bulls made a correction to the $0.0002066 high level slightly below the moving average lines as a recovery attempt as the 1-hourly session resumes today. This means that the buy investors are returning gradually to push the price up again.
Further, the LBLOCKUSD price is about to bounce up again as the market is pointing up on the daily stochastic. So the price could be ready very soon for another jump. In this case, a significant level above the $0.01000 supply level might be tested soon in its higher time frame.
LBLOCKUSD Short-term Trend: Bullish (15-Minute Chart)
The currency pair is trading in the bullish trend zone in its short-term outlook. The buy traders are now involved in the order flow. The impulse move by the bulls to the $0.0002195 supply level in the past few minutes has sustained the bullishness of the crypto.
Lucky Block’s market value at the $0.0002067 resistance level above the EMA-9 as the 15-minute chart opens today affirms the presence of more bulls in the market.
There is a possibility for the coin to rise further if the bulls could push higher.
In a like manner, the momentum indicator shows the price signal is also moving upward in the market. This suggests that the price of LBLOCKUSD will bounce up, so we expect the buy traders to continue with the bullish correction pattern and $0.01000 might be the target soon in the short-term view.
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