Lucky Block Price Prediction – May 20
Lucky Block price is about facing a bullish reversal as the selling pressure seems to be exhausted; hence the pair is posed to advance to the upside after updating the lows. However, if the buy traders successfully keep the coin prices above a $0.000074 high value, a retest of the previous high at the $0.0000940 level is possible soon. Maintaining this critical level could pave the way for Lucky Block to target a more ambitious resistance at $0.0001200 upper high level.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000200, $0.0000150, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is in a bearish market zone at the present in its long-term outlook. However, the current trend will soon be nullified as the market is already oversold.
The coin price has fallen below supply levels lately due to persistent negative pressure around the $0.0000292 support level during yesterday’s session.
The price of Lucky Block which further drops to a $0.0000284 low value below the EMA-50 as the daily chart opens today is a result of low bullish momentum. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Meanwhile, the crypto price can face a bullish reversal at the mentioned support as the market is already oversold.
Hence, this upcoming bullish rally may likely break the $0.0000940 high mark which might hit the $0.0001200 supply value in the coming days in the long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The LBLOCKUSD pair is in a downward move in its medium-term outlook. This is because the short traders are more actively involved in the order flow.
The sell traders made a downward move to the $0.0000292 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.
Actions from the bears further dropped the coin price down to the $0.0000284 support level below the EMA-50 as the 4-hourly chart resumes today. Hence, should the bulls exchange hands with the sell traders and close above the $0.0000450 resistance value, additional intraday gains would be recorded for the buy investors.
Notably, the Lucky Block market is now trading below the 20% range of the daily stochastic.
This implies that the selling pressure will soon end. Therefore, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the $0.0001200 upper resistance value in the coming days in its medium-term time frame.
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