Lucky Block Price Prediction- May 29
LBLOCKUSD’s price might head to the $0.02000 high mark as the coin is currently running a bullish race and remains stable at the moment. Thus, a sharp breakout and daily closure above the current correction phase at the $0.0001900 high value will invalidate any bearish thesis and the price might hit the high at $0.02000 upper resistance level and beyond.
Levels:
Resistance levels: $0.0001700, $0.0001800, $0.0001900
Support levels: $0.0001100, $0.0001000, $0.0000900
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
LBLOCKUSD price seems to have pullback a little but the overall trend is still bullish in its long-term outlook. The bulls are really trying not to fall this time around. Further, the coin prices are traded above the EMA-9, this confirms a bullish trend.
Buyers pushed the coin price higher to the $0.0001223 resistance level during yesterday’s session and have sustained the coin price above the supply line in its recent trend level.
The bulls made an increase to the $0.0001900 supply value above the EMA-9 with its wick above the EMA-50 shortly after the daily chart opens today. This indicates that the buy investors are actually dealing in the coin investment. Therefore, if the bulls could increase their tension in the market, the price tendency will move above the key levels.
The longer the price stays above the mentioned supply level, the more pressure builds up to reach a key significant level at the upside.
Next, the Lucky Block price is also pointing upwards, this suggests that the coin price may likely continue in an upward direction and head toward the $0.02000 supply trend line in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Upward pressure still dominates the LBLOCKUSD pair on the medium-term outlook. The coin price is now trading above the moving averages. Thus, the recent market structure has favored the bulls. 
The bulls were able to push the cryptocurrency up to the $0.0001223 resistance value during yesterday’s session and have enhanced the price to stay in green ready for an upward performance in its recent high.
With the sustained buying pressure, the coin price reached a high at $0.0001900 value above the two EMAs which are glued together, this indicates a strong supply pressure and more gains to the coin buyers.
Therefore, if coin buyers want to escape any bearish reign, the price should surpass the resistance level at $0.0002300 and remain sustainable.
In addition, the daily stochastic indicates that the market is oversold already. This will enable the bulls strength in the market to increase soon. With the look of things, if this is achieved, the bullish rally may therefore head towards the $0.0200 high value in no long time in the medium-term perspective.
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