Lucky Block Price Prediction – June 28
Amid the ongoing recovery sentiment in the crypto market, a new ascending trend line is carrying the relief rally in LBLOCKUSD. The currency pair is on its way to the upper resistance trend lines and the price recovery target might be $0.0003429. Should the bulls regroup and push higher, a further bullish breakout from the $0.0001197 value will accelerate the new correction phase. The $0.0003429 resistance mark and beyond might be the target.
Key Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0001000, $0.0000900, $0.0000800
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block market is having a bearish posture in its long-term outlook as can be seen from the chart above. Meanwhile, it also shows the impeding next big move in the price. The recent market structure has favored the bulls.
The price drop to $0.0000960 by the bears during the last session has dropped the crypto price below the resistance levels in recent times.
The $0.0001197 price level served as a solid resistance for the coin price as a pullback below the two EMAs as the daily session resumes today. Because there is currently a bullish correction in place, it is extremely likely that the bulls will continue climbing.
The coin buyers are trying to sustain above the $0.0001132 support. If this support holds, the coin price will likely rise 11% to hit the $0.0003429 neckline resistance.
Notably, the Lucky Block price may likely continue its journey up to the new resistance trend levels as indicated by the daily stochastic which is pointing upwards on the daily signal.
Thus, the next recovery target by the bulls might be the $0.0003429 high mark soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD pair is in a bullish momentum in its medium-term view. The trend has just resumed its rising pattern but has not yet reached its goal.
With the recent upsurge in the crypto market, this altcoin rebounded from the pattern’s support trend line indicating a potential upswing.
Currently, the Lucky Block price trades at the $0.0001197 supply above the EMA-9, and with the sustained buying pressure it could rise 12% to hit the significant resistance of $0.0001900 previous upswing trend line.
Hence, we have a bullish bias that the coin price will rise further to the upside if the buying pressure should increase. As a result of this, the bulls’ pressure might further extend the coin price to hit the $0.0003429 high trend line soon in its medium-term outlook.
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