Lucky Block Price Prediction – June 20
LBLOCKUSD price will jump from support level soon as the coin now trades in the oversold region at the moment. It is about time for the coin to resume an uptrend after completing the low-dips. There is a possibility for the pair to experience another bullish reversal price action and price could be ready very soon for another upward move potential. Thus, a potential recovery initiated from the bottom trend could assist buyers to re challenge the $0.0003429 mark, indicating a growth opportunity of 54% which may possibly rise to reach the $0.02000 high value and beyond.
Levels:
Resistance levels: $0.0001500, $0.0001600, $0.0001700
Support levels: $0.0000800, $0.0000700, $0.0000600
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Due to the interaction from the sell traders, the market price of LBLOCKUSD is in a bearish trend in its long-term outlook. The coin is trading below the two EMAs; it means that it’s in a bearish market zone at the moment.
The price drop to the $0.0000828 low value during the yesterday’s action has made the coin price trade below the supply levels in its recent low. This will soon be invalidated as the market is oversold already.
Today, the bears however made a drop to a $0.0000840 support level below the moving averages. Given the current trend, buyers are able to purchase the item at a lower cost and push the market higher. Thus, the price tendency will climb over the crucial levels if the bulls raise their level of buying pressure in the market.
Further, Lucky Block price is likely going to reverse and face the upsides as the market is now trading around the 9% 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 $0.0003429 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
According to the chart below, the medium-term outlook for the Lucky Block market is in a bearish trend zone. This is due to the high influence from the sell traders. 
The bearish pressure at the $0.00000828 support level in the past few hours has made the coin stay below the supply trend levels in its recent low.
On the 4-hourly chart today, there is a broader recovery in the prices. The price of LBLOCKUSD jumped up to a $0.0000859 supply level below the moving averages as a pullback as the bulls took to their stand in the market.
Considering a bullish outlook, the breakout above the $0.0002300 resistance with daily candle closing will give additional confirmation for price reversal.
Adding to this, the daily stochastic remain in an upward direction in the oversold region. Hence, if the coin buyers manage to break above the $0.0002300 previous supply trend line, the market participants may witness a new recovery rally and this may likely reach the $0.02000 high mark in the days ahead in its medium-term forecast.
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