Lucky Block Price Prediction – May 24
Lucky Block could see a significant bounce soon as the coin buyers have just begun the bullish action at the support level. Meanwhile, the crypto will most likely continue its new correction and the price could go higher to hit the previous resistance level at $0.0000940, which could further target the $0.0001200 significant level at the upper resistance zone.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD price could see a significant bounce soon as a new correction is taking place below the supply level. The price is trading below the supply trend lines, indicating a bearish trend. The price is now on its way up to the resistance area to invalidate the bearishness.
The bears’ pressure at the $0.0000285 support value during yesterday’s session has contributed to its bearishness in recent times. Thus, the coin could see a significant bounce soon as the bulls are already prepared.
The buy traders corrected the $0.0000295 supply mark below the moving average to resume its next uptrend move as the daily chart resumes today. The current price level however shows an intraday gain and could see a significant bounce soon.
Hence, should the buying pressure persist, and the bulls close the hourly chart above the $0.0000940 previous high mark, the ongoing recovery could lead the market price of Lucky Block to remain stable at the upside and stop any further bearish moves.
Hence, with the price pointing upwards on the daily stochastic, this means that the Lucky Block price could see a significant bounce soon and may likely hit the $0.0001200 supply level in the upcoming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
LBLOCKUSD’s medium-term chart indicates that the price could see a significant bounce soon as the pair is facing a new resistance trend level with a bearish sentiment. The coin is trading below the EMA-50, indicating a bearish trend. 
However, the market is presently facing resistance at the recent high due to the returns of the bulls into the market at the present.
The price action of Lucky Block which increases to the $0.0000293 resistance level below the moving averages as a retracement as the 4-hourly chart opens today, affirms the presence and the impact of the bulls in the market.
Hence, the coin price could see a significant bounce if the bulls can push higher and close the 4-hourly candle above the $0.0000450 high mark.
Also, the momentum indicator which is pointing up indicates that the price of LBLOCKUSD could see a significant bounce soon and may remain in that direction to hit the $0.0001200 supply level and beyond in the days ahead in the medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply