Lucky Block Price Prediction: LBLOCKUSD Price to Rally above a $0.001001 High-Level Soon
August 8: The market value of the Lucky Block is expected to surge in the near future, potentially reaching a significant level of $0.001048 in the resistance area. This bullish movement is contingent upon the bulls injecting more energy into 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)
LBLOCKUSD is currently experiencing a bullish trend in its long-term outlook. During the previous session, the pair reached the $0.0007903 resistance level, which was sustained.
Although the market price is currently at a $0.0007120 high level, slightly above the EMA-9 but below the EMA-50, it suggests that the bulls are gradually gaining strength to dominate the market. The buyers need to reinforce their activities to rally the price above the $0.001001 resistance level, ultimately retesting a high level of $0.001048 in the days ahead.
The momentum indicator, pointing upwards at around 40%, further supports the likelihood of the buyers continuing the upward trend. Overall, a bullish race is expected in the medium-term outlook, with the potential for the price action to rally above the $0.001001 resistance level.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
LBLOCKUSD is also exhibiting a bullish trend in the medium-term outlook. The buyers managed to push the price to the $0.0007903 resistance level by the end of yesterday’s session, providing additional strength to continue the upward trend.
With the price action above the EMA-9 at a $0.0007120 high level, the momentum indicates an uptrend in the currency pair. The upward pointing momentum indicator, at approximately 79% in the daily stochastic, suggests that the price action will continue to climb if the current support level of $0.0007006 holds.
In the medium-term perspective, it is anticipated that the buyers will reach the key level of $0.001048 resistance level in the days ahead.
Overall, the Lucky Block (LBLOCKUSD) shows promising signs of a price rally, indicating a bullish trend in both the long-term and medium-term outlook.