Lucky Block Price Prediction – June 19
The LBLOCKUSD buyers are coming in a grand style at breaking up the $0.0001099 resistance level as they resume the new correction pattern. Thus, a decisive break below $0.0000185 would bring more losses to the coin. However, a daily candlestick above the mentioned supply level would invalidate any bearish theory. Therefore, if buyers can put more effort into their tension in the market, a shift in the trend upward around the $0.0001200 high mark will be achieved, resulting in a great opportunity to buy the asset for the coin traders.
Levels:
Resistance levels: $0.0000400, $0.0000500, $0.0000600
Support levels: $0.0000200, $0.0000150, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD‘s price is likely to break up its previous high as the journey upward begins in its higher time frame. The price of Lucky Block is currently trading at the resistance close to the EMA-50.So it seems likely that the bulls are about to break up the previous high level to push us higher.
The crypto price has been below the supply levels in the past few days which has caused the price to remain bearish in its recent price level.
The bulls could not relent, so, the price increased to a $0.0000202 high level below the moving average as the daily chart opens today suggesting the return of the bulls aiming at breaking up the $0.0001099 previous high to stage a play in the market.
With this current trend, buyers can pick up the price at a lower rate and move the market further. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
In a like manner, LBLOCKSD is likely going to increase and aim at breaking up the $0.0001099 previous supply as the market is trading below the 20% range of the daily stochastic; it means that the selling pressure has ended.
This will compel the buy traders to resume an uptrend and may likely break up the $0.0001099 value to reach the $0.0001200 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair remains bearish to break up the previous high in its medium-term time frame. The price is below the supply levels, confirming its bearish trend market.
The bulls caused a rise to a $0.0000198 high level below the moving averages shortly after the 4-hour session opened today. Hence, there is a higher probability of the price breaking up its resistance level of $0.0000398 and going up much further.
Next, the coin has fallen below 15% of the daily stochastic. It indicates that the pair is now in the oversold region of the market. It implies that the selling pressure is unlikely.
We will now be looking into the emergence of buyers in the oversold region of the market. The price action may reach a high of $0.0001200 level and beyond as we watch the market in a bullish scenario soon in its medium-term time frame.
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