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Lucky Block Price Prediction: LBLOCKUSD Price Ascending to the $0.02000 Upper Resistance Level

Johnathon Fox
05/30/2023 | UPDATED ON: 05/30/2023

Lucky Block Price Prediction- May 30
LBLOCKUSD price may likely ascend to the $0.02000 upper supply level as the pair is making a bullish correction at the moment. The coin could continue to rise upward if it breaks up the $0.0003429 resistance value and the daily candle closes above the mentioned resistance. The $0.02000 upper supply level might be the target resulting in an intraday gain for the coin buyers.

Levels:
Resistance levels: $0.0001700, $0.0001800, $0.0001900
Support levels: $0.0001100, $0.0001000, $0.0000900
Lucky Block Price Prediction: LBLOCKUSD Price Ascending to the $0.02000 Upper Resistance Level
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
Despite the interference of sellers in the price flow, the daily chart market of LBLOCKUSD shows a bullish race. Price is trading above the EMA-9 of the price channel again. This however confirms the presence of a more bullish impact on the currency pair.

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 its recent high.

The market value spikes up to the $0.0001296 high level above the EMA-9 as the daily session begins today; this however indicates an uptrend in the momentum of the price of the cryptocurrency.

Increase momentum by the bulls moves the market price of Lucky Block further up to the $0.0001467 resistance level as it journeys up north. A possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery.

Hence, more upsides are possible as indicated by the momentum indicator which is in an upward direction. This means that the price of LBLOCKUSD will remain in an ascending channel and the $0.02000 high level might be the target in the days ahead in its higher time frame.

LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD is in a bullish trend in its medium-term outlook. The price bars can be sighted above the supply trend levels.
Lucky Block Price Prediction: LBLOCKUSD Price Ascending to the $0.02000 Upper Resistance Level
Despite the moves from the short traders, the bulls managed to push the coin price up to the $0.0001341 supply level during the previous session and sustained its upward momentum in its recent high.

The market price of Lucky Block rises from $0.0001298 to the $0.0001303 resistance level above the two EMAs as the 4-hourly chart opens today; this suggests that the bulls are having the market at their disposal. It is advisable for the traders to seize the opportunity now and buy the coin as the journey up north continues.

However, with the daily stochastic pointing in an upward direction in the oversold region, this means the bulls may likely continue with the trend. Therefore, if buyers should intensify their tension in the market and the prices break above the $0.0002300 resistance trend line, a bullish trend continuation to the overhead resistance of $0.02000 is possible soon in the medium-term perspective.

You can purchase Lucky Block here. Buy LBLOCK

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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