Lucky Block Price Prediction – May 10
The market price of LBLOCKUSD may experience a possible trend reversal at the $0.0000301 support level to resume its upside moves soon. A positive breakout confirmation that closes above the $0.0001099 resistance level would indicate that the market is feeling more optimistic. By doing this, buyers will have a stronger footing to extend this recovery. As a result, a post-retest rally can push prices higher and reach the upper resistance trend level of $0.0001200.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD indicates a declining trend with a bearish sentiment in its long-term perspective. The coin is trading below the two EMAs. However, the current trend may soon experience a trend reversal as the market now approaches the oversold region.
The sustained bearish pressure at the $0.0000300 support value in the previous action has made the crypto price sink below the supply levels in its recent low.
The market price of Lucky Block is currently trading at the $0.0000301 support level below the resistance trend lines. This is due to the high inflow of short traders.
Meanwhile, the current price at a $0.0000301 low value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.
In addition, the LBLOCKUSD might finish the downward correction and start reversing as the market is moving closer to the oversold region. 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.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Sellers’ inflow dropped the price of LBLOCKUSD down to a low at $0.0000301 level below the moving averages, shortly after the 4-hourly chart opens today. Thus, traders can make use of the opportunity at the current trend and buy the coin at lower rates to have more gains ahead. 
Thus, if the buyers eventually wrestle trend control from sellers and rebound from the $0.0000301 support level, a breakout above the trend line is needed to confirm the potential Bull Run.
Further, the coin price is likely to experience a trend reversal at the mentioned support level as the market price of Lucky Block is oversold already. This will bring the emergence of the bulls to push the price upward, in the event of this, the next price target could be the $0.0001200 supply level in the coming days in its medium time frame.
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