Lucky Block Price Prediction – June 19
LBLOCKUSD price will turn positive soon to experience another bullish trend pattern; price could be ready very soon for another upward move potential. The coin has reached a roadblock and is in an attempt for the next bull trend at the moment. Thus an increase in the bulls’ pressure may breakup the supply mark of $0.0003429 and this may swing up the crypto price to a $0.02000 resistance mark and beyond.
Key Levels:
Resistance levels: $0.0001900, $0.0002000, $0.0002100
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the two EMAs. However, the current trend will soon be nullified as the market now trades at the oversold region.
The sustained bearish pressure at the $0.0000799 support value in the previous action has made the crypto price dropped below the supply levels in its recent low.
The market price of Lucky Block is currently trading at the $0.0000828 low level below the resistance trend lines in the long-term outlook. This is due to the high inflow from the short traders.
However, with an intense buying pressure from the bulls, should the coin price turn up from the $0.0000828 support and jump above the $0.0003429 supply mark; the bearish thesis would get invalidated. Thus, the anticipated bullish reversal could kick start a new recovery cycle and may push the price above $0.0003429 price level.
In addition, Lucky Block price may likely turn upside soon as the market now reaches the oversold region of the daily stochastic. This now calls for more buyers to emerge soon and push the LBLOCKUSD price to the upside, and in this case the bullish correction rally might extend the coin price to the $0.02000 resistance value in the coming days in the higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is trading in a bearish market in its medium-term outlook. This is due to the high influence from the sell traders. Lucky Block is possibly making its way up after hitting the $0.0000866 level to overcome support to signal a pump up. It looks like price will want to bounce up again in the medium-term. 
The sustained bearish pressure at the $0.0000899 support value during the previous session has made the crypto price dropped below the supply levels in its recent price level.
After completing the low-dips at the $0.0000828 low value, the coin price found a reliable resistance at the $0.0000933 value as a pullback below the two moving averages as the 4-hourly session resumes today.
A retest to the dynamic supply trend line at the $0.0002300 value could replenish the bullish momentum and invalidate further bearish thesis.
Further, the daily stochastic suggests an uptrend by pointing upward. Thus, if the buy traders successfully keep the LBLOCKUSD prices above the $0.0001900 resistance level, a retest of the previous high at $0.0003429 level is possible which may further extend the coin price to the $0.02000 upper high level in the coming days in its medium-term time frame.
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