Lucky Block Price Prediction – June 7
The LBLOCKUSD price is negotiating the $0.0000745 resistance level as coin investors set their sights on potential 50% gains. The coin price has seen a breakout from a critical market structure recovering and also trending upwards steadily. The crypto might continue in that direction if the bulls could intensify more efforts and the price closes above the $0.0000745 supply level, the journey upward may encounter resistance around the $0.0001200 level, enticing more investors to buy the asset.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000300, $0.0000250, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Lucky Block‘s price is in a bearish market at the moment. Further, the coin is negotiating the $0.0000745 resistance level below the moving averages making a new correction.
The sustained bearish pressure on the currency pair at the $0.0000253 support level in the last few has made the coin price remain below the supply levels lately. However, the current trend is about to turn positive as the price is now facing resistance, negotiating the previous high level to take us higher.
The buy traders made a strong push from the $0.0000271 value to the $0.0000283 resistance level below the moving averages negotiating the resistance level as the daily chart opens today indicating an intraday growth and more gains for buyers.
Hence, as the Lucky Block price is negotiating upwards, the price could swing up further to hit the $0.0000745 previous barrier, enticing the buy traders for more investments in the crypto.
Notably, the coin market sentiment while negotiating the overhead resistance also suggests an uptrend continuation in the coming days as indicated by the daily stochastic. It is expected of buyers to push the price of LBLOCKUSD further up to a significant level and in this case, the target might be $0.000120 upper resistance level in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD is showing a more bullish impact in its medium-term outlook. The crypto price is negotiating the upper resistance level above the supply level as the bulls have the market at their disposal at the moment. However, a high retest to the breached $0.0000328 supply suggests strength in bullish momentum.
The bulls made an impressive move up to the $0.0000283 resistance level above the EMA-50 shortly after the 4-hourly chart opened today. This makes it possible for the coin to rise further.
Trading above the moving averages will enable the market value of Lucky Block to keep pushing up. Therefore, if the bulls should add more aggression to their activities in the market while negotiating the previous high level of $0.0000745, the $0.0001200 high level might be reached soon as it is in its medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply