Lucky Block Price Prediction- June 10
There is a possibility for the LBLOCKUSD price to retest the $0.0003429 supply level as the coin is about to resume its bullish race. The cryptocurrency is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, price may likely increase further to the upside to retest the mentioned previous supply level which might possibly extend to the $0.02000 high level and beyond.
Levels:
Resistance levels: $0.0001900, $0.0002000, $0.0002100
Support levels: $0.0001000, $0.0000900, $0.0000800
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block pair is showing a bearish display in its long-term perspective. The price bars can be seen below the moving averages. This is due to the high inflow from the sell traders.
However, there is about to be a turnaround for the coin buy traders.
The sustained pressure from the bears at the $0.0001017 support level in the past few days has contributed to its bearishness in its recent low.
The bulls however made an increase to a $0.0001200 high level below the moving averages as the daily chart opens today. This suggests that buyers are coming in a grand style to dominate the market and sellers are getting weaker.
Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels which could lead the coin price to the retest of $0.0003429 previous resistance value soon.
Adding to this, with the current price of LBLOCKUSD trading at the oversold region of the daily signal, this implies that the price may likely continue its rising pattern fully and in this case, the price might possibly retest the previous supply value to hit the $0.02000 resistance level in the coming days in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD pair is in a bullish momentum in its medium-term view. The coin prices can be seen trading above the EMA-9, indicating an uptrend. The trend has just resumed its rising pattern but has not yet reaches its goal.
The aggressive move by the bulls pushed the Lucky Block price up to the $0.0001132 resistance value above the EMA-9 as the 4-hourly chart opens today. Thus, the bullish correction at the mentioned supply value returns the buy investors to the market for the next increase race.
Hence, we have a bullish bias that the coin price will rise further to the upsides if the buying pressure should increase. Currently the crypto is making a correction, there may be a potential rise in the price of LBLOCKUSD and this may possibly retest the previous high at the $0.0002300 supply level which might further extend the coin price to the $0.02000 high trend line in the coming days in its medium-term outlook.
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