Lucky Block Price Prediction- August 15
Lucky Block price is posed to advance to the upside. The coin may likely reverse and face the upside if all the current support holds in place, the price will definitely rise and retest the $0.0007903 resistance level and the key level of $0.001000 at the upper resistance might be the target.
Resistance levels: $0.0007090, $0.0008097, $0.0009097
Support levels: $0.0004672, $0.0004572, $0.0004472
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
LBLOCKUSD is in a bearish market zone at the present in its long-term outlook. The market value has dropped due to the bearish impact. The bulls caused a rise to a $0.0005084 high level after which the sellers intervened and dropped the price down to a $0.0004906 low level during yesterday’s session and sustained it.
The bulls’ in-road briefly and push the price up a bit to the $0.0004975 resistance value as the 4-hourly chart opens today.
The buyers lost the momentum while the bears drop the price down to the $0.0004621support level below the moving averages. Meanwhile, the value of Lucky Block may likely reverse and increase despite its negative moves, if the buyers should exert more force into the market.
Hence, LBLOCKUSD is at the oversold region of the daily stochastic, which means that the selling pressure has ended, so the currency pair is set to be stronger in the coming days and likely to go up towards the $0.001000 upper resistance value in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)The currency pair is in a downward move in its medium-term outlook. This is because the short traders are more actively involved in the order flow.
The market value of LBOCKUSD rises to a $0.0004975 high level and later dropped to a $0.0004615 low level below the moving averages as the 1-hourly chart opens today.
Despite the negative moves, the pair is set to turn upside as the market is oversold already. This will actually compel the bullish pressure to resume soon and the $0.001000 key level in the upper resistance area might be reached in its lower time frame.
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