Lucky Block Price Prediction- August 8
The market value of the Lucky block may likely push higher to reach a significant level of $0.001048 in the resistance area if the bulls add more energy to the price action in the market.
Key Levels:
Resistance levels: $0.0007900, $0.0008000, $0.0008100
Support levels: $0.0006900, $0.0006800, $0.0006700
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
The market value of LBLOCKUSD is in a bullish trend in its long-term outlook. The pair made it to the $0.0007903 resistance level during yesterday’s session and sustained it.
The market price at a $0.0007120 high level which is slightly above the EMA-9 but below the EMA-50 indicates that the bulls are coming into the market gradually to dominate soon. Therefore, the buyers need to add more strength to their activities in the market to rally up to a significant level.
Thus, the buyers may likely continue the trend further as indicated by the momentum indicator which is pointing up at around level 40%. It is therefore expected of the bulls to take us high and rally above the $0.001001 resistance level to retest a $0.001048 high level in the days ahead in its long-term view.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
LBLOCKUSD is in a bullish race in the medium-term outlook. The buyers also made an upward move to the $0.0007903 resistance level before the end of yesterday’s session. This gave the buyers more strength to continue with the trend.
The price action of the currency pair at a $0.0007120 high level above the EMA-9 means that the momentum in the price of the pair is in an uptrend.
Also, the momentum indicator pointing up at around level 79% range of the daily stochastic, implies that the price action of the currency pair will continue an upward trend if the current support level of $0.0007006 holds as it is expected that the buyers will hit the key level of $0.001048 resistance level in the days ahead in the medium-term perspective.
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