Lucky Block Price Prediction-November 11
The Lucky Block market price is set to face the positive side and this may continue if the bulls could push higher and the current support value at a $0.0001920 level holds. The bullish correction phase may possibly rise to hit the $0.2000 high trend line.
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0001920, $0.0001820, $0.0001720
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
LBLOCKUSD is bearish in its long-term outlook. This is due to the interference from the sellers which is about to end soon.
Earlier today, the bulls made an increase to the $0.0002026 supply value. The interruption from sellers drove the price down to a low of $0.0001920. The long traders after pushing harder, successfully break out the supply value at a $0.0001933 green mark. This is an indication that the buy traders are returning to stage a play in the market.
Hence, with the daily stochastic pointing upwards, it means that the bullish correction trend will most likely continue, if buyers should increase their momentum and close the 1-hourly chart above the $0.0002280 resistance mark, the potential bullish rally could hit the $0.2000 supply value soon in its long-term perspective.
LBLOCKUSD Short-term Trend: Bearish (15-Minutes Chart)
Due to the interference from sellers in the market at the moment, LBLOCKUSD is in a bearish trend move.
After a series of dump movements by sellers, the bulls eventually made an increase to the $0.0002021 resistance level after which the sell traders came in and drove the price down to $0.0001939 shortly after the 15-minutes chart opens today.
Now, the bulls couldn’t relent, so the current price at the $0.0001934 supply level is an indication of the bulls’ return to the market to resume the uptrend.
Thus, there is likely an increase in the price of Lucky Block as the market is pointing up in the oversold already. Therefore a shift in trend to a high at the $0.2000 supply mark may be achieved in the days in its short-term outlook.
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