Lucky Block Price Prediction – March 12
LBLOCKUSD selling pressure may end soon and the coin price will pump again so the price could be ready for an upward movement. If the buy investors could prove stronger the more and the price shows sustainability above the $0.0000940 resistance value, its upsides should extend further. Then we can expect a shift in trend to reach a $0.0001200 upper resistance level, which may pave the way for a prolonged recovery trend.
Levels:
Resistance levels: $0.0000600, $0.0000700, $0.0000800
Support levels: $0.0000450, $0.0000350, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block chart on the long-term view shows that the price will pump again soon as the selling pressure seems exhausted. The coin is forming lower lows and lower highs below the EMA; which means that it’s in a bearish market zone at the moment.
The sustained bearish pressure during yesterday’s session has made the cryptocurrency price remain below the supply trend levels in its recent low.
Meanwhile, the current price at a $0.0000486 low value below the supply trend lines has not stale the market condition of the coin as the LBLOCKUSD market will pump up again soon. Further, investors may seize the opportunity to buy the coin at a lower price and look for more gains ahead.
Meanwhile, further downsides are unlikely as the market price of Lucky Block has reached the oversold region. The coin will resume an uptrend soon, so we can now grow in confidence that a potential buy is coming near.
Hence, the price pump-up could hit the $0.0001200 resistance level in the coming days, indicating a strong supply zone for a potential BUY in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The coin also trades in a bearish trend market in the medium-term outlook. However, Lucky Block’s price will pump up again as the new rising pattern has just begun below the supply levels.
The bearish impact on the crypto at the $0.0000441 low level in the previous action has contributed to its bearishness in its recent low.
The market price of LBLOCKUSD which increases and pumps up to a $0.0000499 high level below the moving averages as the 4-hourly session opens today suggests the return of the bulls to the market and an improved bullish market sentiment.
Thus, closing the 4-hourly session above the $0.0000738 supply level will put the trade more on the buy side.
Similarly, more pump-ups are ahead as the coin price suggests an uptrend on the daily signals which is pointing upwards. This means that the selling pressure is not likely to continue. In light of this, the bulls may likely hit the $0.0001200 high value in the days ahead as the coin price promises to pump up again in its medium-term outlook.
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