Lucky Block Price Prediction- June 1
LBLOCKUSD‘s next price target might be the $0.01000 supply value. The price will most likely continue its bullish run and the price could still go higher if the price is able to break up the $0.0003429 level. If buyers are successful in the pattern breakout, the upsides might test the next supply level of $0.01000, accounting for a rise.
Levels:
Resistance levels: $0.0002100, $0.0002200, $0.0002300
Support levels: $0.0001100, $0.0001000, $0.0000900
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
Despite the interference of short-term traders in the price flow, the daily chart market of Lucky Block shows a bullish race. The price bars can be seen slightly above the EMA-9 indicating an uptrend.
The coin has been making higher highs and higher lows in the past few days; this has made it possible for the price to maintain an uptrend in recent times.
The price responded to the shift in the market structure and is currently trading at the $0.0001255 support level above the EMA-9. This shows an uptrend and the bulls still remain dominant in the market at the moment.
Meanwhile, the drop in the price of LBLOCKUSD to the $0.0001255 low value has no serious effect on the market as the price remains in an uptrend. Thus, traders who buy the coin at the current price level will also make gains in the future.
Hence, staying above the supply levels indicates a strong possibility for a bullish correction. Should the coin price turn up from the $0.0001255 support and jump above the $0.0003429 supply mark, the bearish thesis would get invalidated. We could therefore expect a good upside momentum in the price of Lucky Block to hit the $0.01000 upper resistance value in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD is trading in an uptrend. The chart shows how the price tried to break this price channel with a bearish break, now a false break. Price is trading slightly above the two EMAs and the coin is also approaching the retest of the previous high at $0.0002300 level.
Pressure from the bulls at the $0.0001344 high value in the previous action has sustained its upward stability in its recent high.
Lucky Block on the 4-hourly chart is currently facing the overhead resistance near the $0.0001323 level. The price seems to be taking a pause after breaking above the resistance lines. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
In addition, with the daily stochastic pointing upwards, a daily closing above the $0.0002300 level could invalidate the bearish outlook and the price could rise up towards $0.01000 and beyond in its medium-term perspective.
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