Lucky Block Price Prediction – April 11
LBLOCKUSD price will rise soon. The coin sellers have significantly slowed down the bullish outlook; nevertheless, the coin price is anticipating rising soon. The selling pressure is about to end and the coin price could be ready for an upward movement soon. If the buy investors could prove stronger up the more and the price turns positive above the $0.0000940 resistance value, its upsides should extend further to the $0.0001200 upper resistance level.
Levels:
Resistance levels: $0.0000400, $0.0000500, $0.0000600
Support levels: $0.0000200, $0.0000100, $0.000000900
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price promises to rise soon from the support level as the market seems to be oversold in its long-term outlook. Further, the price is trading below the supply level; which means that the coin price is in a bearish market at the moment.
The sustained bearish pressure during yesterday’s session has slowed down the cryptocurrency price to remain below the supply trend levels in its recent low. However, the price of D2TUSD will rise soon as the selling pressure seems to have been exhausted.
Sellers caused a drop in the price of LBLOCKUSD to a $0.0000270 support level below the moving averages today; the underlying sentiment suggests a downtrend in the context of the strength of the market. Thus, the price will rise soon above the resistance line, if the bulls can put more tension to the activities in the market.
In continuation, the market price of LBLOCKUSD is in the oversold region of the stochastic, this means that the selling pressure has reached an exhaustion, the expected upside move in the price could rise to a $0.0001200, swing high in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
LBLOCKUSD price will rise soon. The coin indicates a downward trend with a bearish sentiment in its medium-term perspective. The price seems to have pulled back a little but the overall trend is still bearish. However, the current trend will soon be nullified as the market has now resumed its bullish race to the overhead resistance.
The sustained bearish pressure at the $0.0000273 support value has made the crypto price drop below the supply levels in recent times. However, the coin will rise soon as the bulls are now set to further swing up the coin price to its new resistance trend levels.
The market price of LBLOCKUSD which increases to a $0.0000277 high level below the moving averages as the 4-hourly session opens today suggests the return of the bulls to the market and improved bullish market sentiment.
Thus, closing the 4-hourly session above the $0.0000502 supply level will put the trade more on the buying side.
The pair is pointing upwards at around the 18% range of the daily stochastic. It indicates that the selling pressure has ended. We will now be looking into the emergence of more buyers in the oversold region of the market. This will enable the Lucky Block price to rise soon to hit the 0.0001200 supply level in the days ahead in its medium-term time frame.
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