Lucky Block Price Prediction – July 5
The LBLOCKUSD reversal at the $0.0000170 low level is possible as the selling pressure is ending soon. However, recovery is imminent from the support level, and the pair could see another bullish rally soon if the bulls should push harder and exchange hands with the bears at the $0.0000170 current support, the price may likely reverse in a bullish direction, and may perhaps retest the previous high of $0.0000700 which might expose the coin price to the $0.0001200 upper high level and beyond, signaling a potential recovery for the coin buyers.
Key Levels:
Resistance levels: $0.0000400, $0.0000450, $0.0000500
Support levels: $0.0000150, $0.0000100, $0.0000050
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
On the long-term outlook, the LBLOCKUSD pair shows that we could see a reversal soon with a bearish sentiment. The coin is trading below the EMA-50, confirming its bearishness.
The sustained pressure from the bears at the $0.0000176 support level during yesterday’s session has contributed to its bearishness in its recent low.
Today, the bears however made a drop to a $0.0000170 support level below the moving averages; this is an indication of a bearish momentum in the context of the strength of the pair, attempting a reversal soon.
Hence, should the bulls put additional efforts into their buying motives; the price of Lucky Block could see a reversal at the mentioned support and turn positive to retest the previous high of $0.0000700 value.
Further, the LBLOCKUSD price is likely going to experience a reversal as the market is now trading in the oversold region around the 17% range of the daily stochastic; it means that the selling pressure will end soon.
This will compel the buy traders to resume an uptrend and may likely break up the $0.0000700 supply level to hit the $0.0001200 upper resistance in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Lucky Block chart also indicates a possible reversal at the current support in its medium-term outlook. The coin price is below the moving average at the oversold region, suggesting a bearish trend calling for a reversal soon.
The bearish candle at the $0.0000176 low value during the past action has made the crypto price trade below the supply levels in its recent low value.
The price action drops significantly to the $0.0000170 support level beneath the supply level as the 4-hourly chart opens today, indicating a downtrend and a possible reversal is imminent soon. Traders might seize this opportunity to invest in the coin at the current trend at a lower rate.
Hence, if the bullish momentum is triggered, the coin price may encounter a reversal to break up the $0.0000279 previous high value soon.
Meanwhile, the Lucky Block price can experience a reversal at the $0.0000170 current low value as the market is already oversold. If this is achieved, the recovery rally may reach the $0.0001200 upper high value in the coming days in its medium-term perspective.
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