Lucky Block Price Prediction – June 21
LBLOCKUSD price may likely retest the mentioned supply level as it is about to resume its bullish race. The crypto currency is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the bull race may likely continue all the way into the key psychological level of $0.01000 supply value and beyond before we see any signs of buyer slow down if the buy traders should put more aggression into the market.
Levels:
Resistance levels: $0.0001500, $0.0001600, $0.0001700
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price is forming lower lows and lower highs on its long-term chart. Further, the price is trading below the two EMAs; it means that it’s in a bearish market zone at the moment. This is due to the high inflow from the sell traders. However, there is about to be a turnaround for the LBLOCKUSD buy traders.
The sustained bearish pressure at the $0.0000840 support value during the yesterday’s session has made the crypto price dropped below the supply levels in its recent price level.
The bulls challenged the previous support at $0.0000840 and made a corrective move to the $0.0000888 resistance level slightly below the two EMAs as the daily chart opens today.
Should the bulls increase their momentum, the price of Lucky Block might breakout from the current supply to hit the previous high of $0.0003429 high value, resulting in a massive gain for the coin buyers. Further, the daily stochastic suggests an uptrend by pointing upward in the oversold region.
Thus, if the buy traders successfully keep the LBLOCKUSD prices above the $0.0002890 resistance level, a retest of the previous high at $0.0003429 level is possible which may further extend the coin price to the $0.01000 upper high level in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The market price of LBLOCKUSD is currently trading in the bearish market zone. This is due to the inflows from the sell traders.
The bears’ pressure on the crypto in the past few hours has dropped the price below the supply trend lines in its recent times.
After completing the low-dips at the $0.0000897 low value, the coin price found a reliable resistance at the $0.0000888 value as a pullback below the two moving averages as the 4-hourly session resumes today.
Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at the present. A strong break up above the $0.0002300 resistance point would strengthen the bullish pressure.
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; we can therefore expect the upcoming bullish correction phase to reach a high at the $0.01000 value soon in its medium-term time frame.
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