Lucky Block Price Prediction- May 26
The LBLOCKUSD pair has a potential for an upward rally as the price will most likely resume an uptrend to break up the $0.0003429 supply level soon. The coin now approaches the oversold region, should the bulls add extra effort to the buying pressure, the coin price could turn positive to reach the high at $0.02000 upper resistance trend levels.
Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0002000, $0.0001999, $0.0001899
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The LBLOCKUSD price is in a bullish trend. The market now trades slightly above the EMA-9; this affirms its bullish race in its long-term outlook.
Buyers’ increased momentum moved the price up to a $ 0.0002300 high level, during yesterday’s session which really made it capable for the cryptocurrency to maintain stable upside moves.
This was overridden by the sell traders as the coin price now dropped down to a low at the $0.0001121 support value above the EMA-9. Thus, traders can buy at a low price with this trend and also make profits.
Further, the price of Lucky Block is on the verge of possible reversal to the upside at the mentioned support as the market now approaches the oversold region of the daily stochastic.
Should the bulls regroup and bounce off the support line, a further bullish breakout from the $0.0002300 value will hibernate any further bearish cycle, the bullish correction phase may likely push the coin price to the $0.02000 high mark in the coming days in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The market value of LBLOCKUSD in the medium-term time frame is seen slightly above the EMA-50. The bullish pressure on the pair in the past few hours has made the coin price remain above the supply trend lines in its recent price level.
The buy investors showed more concern about the cryptocurrency market and pullback at the $0.0001231 high value above the EMA-50 just a few hours after the commencement of the 4-hourly session today.
The current correction value may likely prolong the bullish rally to break up its previous high at the $0.0002300 value if the bulls could add more strength to their buying power.
Further, the Lucky Block price now points up in the oversold region, this suggests that the buying pressure has just begun. Thus, this forthcoming development may drive the crypto price to test the previous high and extend to the $0.02000 upper resistance trend line in the days ahead in its medium-term time frame.
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