Lucky Block Price Prediction- August 1
Lucky Block price might possibly retest the $0.001150 upper resistance value in case the bulls exert more force in the buying pressure. It could continue to face the positive side and also exceed the said resistance level above.
Resistance levels: $0.001050, $0.001350, $0.001500
Support levels: $0.0009500, $0.0008350, $0.0008200
LBLOCKUSD Long-term Trend: Bullish (4H Chart)
From the chart above we can be assured that LBLOCKUSD is in a bullish move in its long-term view. The sustained bullish pressure pushed the pair up to the $0.0009898 resistance level during yesterday’s session and sustained it.
The aggressive move by the buyers further pushes the price of Lucky Block up to a $0.001017 high level above the moving averages as the 4-hourly chart opens today; an indication of more bulls present in the market.
The coin is pointing up around the level 50% range of the daily stochastic; this implies the bulls may continue to dictate market direction. Hence, buyers may take a position as desired.
LBLOCK/USD Medium-term Trend: Bullish (1H Chart)The currency pair is in an upward move in its medium-term outlook. The currency pair’s orientation trades in a general bullish flow, but the short traders are now involved in the order flow.
The buy traders made it up to a $0.001016 high level after which the bears interfered and dropped the price down to the $0.001009 support level as the 1-hourly chart opens today.
The market value of Lucky Block which trades above the moving averages may likely give the coin the tendency to rise further.
Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
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