Lucky Block Price Prediction – June 22
LBLOCKUSD price is preparing for the next uptrend rally as the selling pressure may possibly end soon to face the positive side as usual. Therefore; if buyers should change their orientation and accelerate their price actions in the market, the coin price might possibly reverse from the $0.0000918 current support, which may offer a long opportunity to interested traders. Hence, $0.0003429 previous high may be retested which might possibly extend to the $0.02000 upper resistance trend level and beyond.
Key Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The long-term market value of Lucky Block is moving in a bearish direction. The coin price can be seen below the supply levels, indicating a bearish trend.
The price drop to the $0.0000840 low value during the previous action has made the coin price trade below the supply levels in its recent low. This will soon be invalidated as the coin market now trades in the oversold region.
The short traders smashed the price down to a low at $0.0000918 level below the moving averages as the daily chart commenced today.
With this current trend, buyers can pick up the price at a lower rate and move the market further up. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
Thus, the coin price could turn upside and retest the previous supply of $0.0003429 provided the bulls could add extra efforts to their buying motives in the market. This may offer a long-term opportunity to interested traders.
In a like manner, the coin may likely rebound at the aforementioned support as indicated by the daily stochastic which is pointing upwards in the oversold region.
It indicates that the LBLOCKUSD pair is oversold. This will compel the buying pressure to resume fully and the new bullish pattern may rise to hit the $0.02000 upper high mark in the coming days on the daily chart.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is trading below the moving averages, an indication of bearish market sentiment in its medium-term time frame. Thus the LBLOCKUSD is making a correction and will resume its bullishness soon.
The bearish pressure at the $0.0000840 support level in the past few hours has made the coin stay below the supply trend levels in recent times.
A rise to a $ 0.0000926 high level by the bulls shortly after the 4-hourly chart opens today affirms the returns of the long traders into the market. Thus, the price of Lucky Block is set to advance further if the bulls can redouble their efforts and push above the current supply level.
Such lower price rejection indicates that buyers are defending this level and attempting to push the price higher. Hence, a strong push above the $0.0002300 previous supply level will offer strong resistance to the crypto price.
Hence, the stochastic oscillator which is also pointing up means that the price action is in an uptrend. We can certainly expect the price of the crypto to retest the $0.0002300 supply level which might possibly increase to a $0.020000 upper supply level in the coming days in its medium-term perspective.
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