Lucky Block Price Prediction – May 28
At the moment the LBLOCKUSD pair remains on the negative side. The pair could see another bullish rally soon if the bulls push harder and trade with the bears at the current support level of $0.0000271; the pair may see another bullish rally shortly. If this happens, the price is likely to reverse in a bullish direction and may even retest the previous high of $0.0000900, which could expose the crypto price to the $0.0001200 upper high level and beyond.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000300, $0.0000250, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD price could see another bullish trend soon as the price is now oversold on the daily chart. The large influx of sell traders is the cause of this. 
The bears’ persistent pressure at the $0.0000268 support level throughout yesterday’s session has added to the recent low. However, the coin price could see another bullish rally soon as the selling pressure seems to be exhausted.
Today, the bears however made a drop to a $0.0000271 support level below the moving averages; this is an indication of a bearish momentum in the context of the strength of the pair. The bears are dictating the market conditions at present.
Therefore, if the bulls continue to pursue their buying objectives, the Lucky Block price could see another bullish rally and retest the previous high of $0.0000900 level, boosting a remarkable increase in the crypto market.
Additionally, given that the market is currently trading in the oversold area in the 18% range of the daily stochastic, which indicates that the selling pressure will soon end, the LBLOCKUSD price is probably going to reverse and could see another bullish trend for more gains.
This will force buyers to get back on the buying trend, and it might even break above the supply level at $0.0000900 to reach the upper resistance at $0.0001200 value in the next days on a longer time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Based on the chart below, the price of LBLOCKUSD could see another bullish rally. The coin prices are below the moving average and have favored the bears.
The crypto price has been trading below supply levels recently due to the bearish candle that formed at the low value of $0.0000272 during the previous activity.
The 4-hourly chart opens today with a substantial price action decline to the $0.0000271 support level below the supply level. Thus, the price of Lucky Block could see another bullish rally soon, if the bulls can redouble their efforts and reverse from the current support level. The coin price might surge higher to retest the $0.0000393 supply level.
In addition, the LBLOCKUSD might finish the downward correction and see another bullish rally soon as the market is already oversold. If this is achieved by the long-term investors, the recovery rally may reach the $0.0001200 upper high value in the coming days in its medium-term perspective.
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