Lucky Block Price Prediction- June 15
The LBLOCKUSD pair is bound to face the positive side and the price’s next recovery target might be the $0.02000 supply mark. The coin is set to gain more strength for another upward move potential soon. If buyers could face support pressure at the $0.0000901 low value and hold it, the price may revisit $0.0003429 0003429 resistance trend lines, which may likely extend to the $0.02000 supply value and beyond, resulting in an intraday gain for the coin buyers.
Levels:
Resistance levels: $0.0002100, $0.0002200, $0.0002300
Support levels: $0.0001000, $0.0000900, $0.0000800
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The market price of LBLOCKUSD is currently trading below the resistance trend lines on the daily chart. This is due to the inflow from the short traders.
The crypto has been having an interference with the sell traders in the previous action and has dropped the coin price below the supply trend levels in recent times.
Being affected by the widespread uncertainty in the crypto market, the Lucky Block price showed a slow yet steady recovery in the daily time frame chart. The bulls made a corrective move to a $0.0001044 resistance level as a pullback below the two EMAs as the daily chart opens today.
The current relief rally in LBLOCKUSD is likely triggered by the accumulation of this coin at discounted market value. Thus, with the overall trend still bearish, a recovery above $0.0003429 is more likely, if buyers could add more strength to their buying motives.
Similarly, the Lucky Block price may likely continue its journey up north as indicated by the daily stochastic which is pointing in an upward direction. This means that the selling pressure has ended; thus the next recovery target could be the $0.02000 high value in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The coin also trades in a bearish trend market in the medium-term outlook. This is due to the high impact of the short-term traders on the price flow. The coin prices are traded below the moving averages which is evidence of a bearish trend.
The bears’ pressure on the crypto at the $0.000917 low value in the past action has made the price stay below the resistance lines in its recent high.
The market price of Lucky Block at the $0.0000983 resistance level which later increases to a $0.0000986 high level below the two EMAs shortly after the 4-hourly chart opens today indicates that bulls are coming into the market in a grand style to stage a play.
The aforementioned resistance has maintained a steady uptrend in the LBLOCKUSD price and the potential traders seeking long-entry opportunities must wait for a breakout above this trend line.
Currently, the crypto is correcting, there may be a potential rise in the coin price and this may break up the previous high at the $0.0002300 supply level which might further extend the coin price to the $0.02000 high trend line which might be its next target in the coming days in its medium-term outlook.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply