Lucky Block Price Prediction – May 31
The market price of LBLOCKUSD may experience a possible reversal at the $0.0001260 support level to resume its upside moves soon. Should the bulls respond to the shift in the trend and push higher, the coin may likely reverse to the upside at the mentioned support to hit the $0.02000 upper high level.
Key Levels:
Resistance levels: $0.0001800, $0.0001900, $0.0002000
Support levels: $0.0001600, $0.0001500, $0.0001400
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
Despite the interference from sellers, the LBLOCKUSD price still trades in the bullish trend market. The price is trading above the EMA-9, which confirms its bullishness. The bulls’ pressure at the $0.0001467 high value in the previous action has sustained the crypto’s bullishness in its recent high.
The price of Lucky Block found support at the $0.0001260 low value above the EMA-9 as the daily chart opens today; this is an indication of an uptrend.
However, long traders can join the market or invest in the crypto with the current trend and buy at a lower rate for more gains in the future. This will reflect an increase in the trend momentum.
Meanwhile, there is a possibility for a price reversal at the mentioned support as the market now approaches the oversold region of the daily stochastic. This upcoming bullish rally may likely break up the $0.0002599 high mark which might possibly hit the $0.02000 supply value in the coming days in the long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Despite the interference from the sell traders in the medium-term time frame, the price of LBLOCKUSD remains in an upward move.
The pair opened lower but managed to trade in green over the past minutes and has sustained its bullishness in its recent high.
The current price of the pair at the $0.0001284 high level above the EMA-50 as the 4-hourly session opens today indicates an uptrend in the context of the strength of the market. This gives room for a more bullish impact on the market at the moment. Should the coin price turn up from the current supply value and jump above the $0.0002300 supply mark, the bearish thesis would get invalidated.
Meanwhile, a further rise in the market price of the crypto is possible, as the selling pressure has ended. The Lucky Block market is now trading in the oversold region. This means that the price might possibly increase further and its upside moves may likely reach the $0.02000 supply level in the days ahead in its medium time frame.
You can purchase Lucky Block here. Buy LBLOCK
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