Lucky Block Price Prediction – May 23
The LBLOCKUSD pair buying time is now as the token is making a shocking recovery in the last 24 hours, pushing the value above the resistance line. The crypto can swing up further and test the supply level of $0.0001099. Conversely, if the coin prices sustain above the level of $0.0001099, the bulls’ trend may continue upward to hit the $0.0001200 upper high level.
Key Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD market marks an incredible recovery and suggests a buying time in its long-term view. The coin price can be seen above the supply level, which indicates a bullish trend and a buying time for the coin traders.
The previous action at the $0.0000308 high level during yesterday’s session has sustained the coin price to remain above the trend line lately.
An increase to the $0.0000340 high level above the EMA-50 approaching the overhead resistance as the daily chart opens today indicates that the traders are actively buying at this level and also suggests a buying time for the interested traders.
Thus, a possible breakout from the mentioned supply will accelerate the buying momentum and push the prices of Lucky Block higher to hit the previous high at $0.0001099 level, bolstering buyers for a sustainable rally.
In a like manner, the daily stochastic indicates an uptrend; this suggests an uptrend continuation and a buying time for the bulls. It is therefore expected of the buyers to push the price of LBLOCKUSD further up to a significant level and in this case, the target might be the $0.0001200 supply level in the higher time frame.
Hence, the market is pointing up in the oversold; this will quicken the emergence of more buyers to move the price of Lucky Block up to a significant level on the upside and this might hit the $0.02000 supply trend mark, thus registering a buy signal for the coin traders as the market remain strongly bullish soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
On the 4-hour chart, the LBLOCKUSD pair is in a smooth uptrend, suggesting a buying time. Prices are above the moving averages and have confirmed a bullish momentum breaking the previous high. 
The sustained bullish pressure to the $0.0000308 high level in the previous action has led to the coin’s recent high level.
The Lucky Block market suggests a buying time today, as it rises to a $0.0000380 resistance mark above the moving average shortly after the opening of the 4-hour chart. The current price at the $0.0000380 resistance level suggests the high impact of the bulls on the currency pair.
The market participants are responding to this pattern, and its breakout should offer a good buying entry opportunity for interested traders.
Hence, the pair pointing up on the daily stochastic means that the buying pressure may continue, and suggests a possible recovery of the $0.0001200 supply level in the coming days in the medium term.
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