Lucky Block Price Prediction- January 20
The LBLOCKUSD price will rise from support and maybe a time to buy soon. The coin price may likely reverse from the current support at $0.0001630 value provided buyers don’t give up and increase their buying momentum in the market. If the crypto price closes above the $0.0002100 supply level, the coin price might further extend to a $0.01000 high level and beyond.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001800, $0.0001700, $0.0001600
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
LBLOCKUSD is in a bearish market zone in its long-term perspective. Further, the coin is trading below the moving averages.
The sustained bearish pressure on the crypto to a low at the $0.0001620 value in the past few hours has made the price of Lucky Block remain below the supply trend levels.
The market price opens on a bullish note at the $0.0001657 high level after which sellers’ inflow dropped the price down to a $0.0001630 low level below the two EMAs. However, price reversal at the mentioned current support level is more likely; traders can buy the crypto at a low price with this current trend and move the market price of LBLOCKUSD upwards.
Next, price reversal at the $0.0001630 support level is likely and the price could rise from the mentioned support as the market is pointing upwards on the daily stochastic. This will compel the buy traders to resume an upside move soon. If this is achieved, the coin price might likely reach a $0.01000 supply level in the days ahead in its higher time frame.
LBLOCKUSD Short-term Trend: Bearish (15-Minute Chart)
The currency pair is showing a bearish sentiment on the lower time frame. The price actions can be seen below the moving averages. 
The bears’ pressure on the crypto market in the previous action; has made the coin price fall below the supply levels.
Earlier today, the bulls caused a rise to the $0.0001657 high mark after which sellers’ inflow dropped the price of Lucky Block down to a low at $0.0001622 value below the moving averages. The bulls made a corrective push to the $0.0001637 resistance level to resume an uptrend. Hence, traders who buy the coin at this trend will also make more gains in the future.
Meanwhile, a further rise in the market price of LBLOCKUSD is possible, as the stochastic signal now indicates an upward trend, which means that selling pressure has ended. Therefore, the upcoming bullish trend pattern might possibly extend the price of LBLOCKUSD to the $0.01000 supply value in the days ahead in its lower time frame.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply