Lucky Block Price Prediction – July 8
The LBLOCKUSD price is likely to retrace at the $0.0001001support level if the mentioned level holds. The coin may possibly face the positive side if the buy traders should exert more force and push the price above the $0.0003429 supply level. Then we can expect a good bullish pattern to the $0.01000 upper resistance value accounting for a rise in the coin market.
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 LBLOCKUSD pair is trading in the bearish trend market in its long-term outlook. The price bar can be seen slightly below the moving average lines and has confirmed its bearishness.
The sustained pressure from the bears at the $0.0000901 support level on the 5th of July has contributed to its bearishness in its recent low.
The market price of Lucky Block is currently trading at the $0.0001001 low value below the resistance trend lines in the long-term outlook. This is due to the high inflow from the short traders.
However, price reversal at the mentioned current support level is more likely; traders can buy the crypto at a low price with this current trend.
Thus, the coin is set to advance further if the bulls can redouble their efforts in the market and push above the current supply level.
In addition, the momentum indicator shows that the price of LBLOCKUSD is now trading below the level of 7% in the oversold region. This implies that the selling pressure will soon end; this will bring the emergence of fresh buyers to dominate the market soon.
In light of this, we expect the price distribution to retrace from the $0.0001001 support level to retest the previous high of $0.0003429 value which could further reach the $0.01000 upper supply level and beyond in the coming days in its long-term-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is showing a bearish sentiment in its medium-term outlook. The price actions can be seen below the moving averages indicating bearish momentum. 
The bearish pressure at the $0.0000992 support level in the past few hours has made the market value of Lucky Block remain below the supply trend levels in recent times.
The bears smashed the price of LBLOCKUSD down to a low of $0.0001001 level below the two EMAs as the 4-hourly chart opens today. Hence, many investors can join the market at a lower price in order to push the market value upward and achieve more gains in the future.
Meanwhile, a further rise in the market price of the crypto is possible, as the selling pressure has ended. The Lucky Block market is now trading in the oversold region.
This means that the price might possibly retrace at the current support level and its upside moves may likely retest the $0.0002000 supply level soon and this might lead the coin price to hit the $0.01000 upper high level in the nearby days in its medium-term time frame.
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