Lucky Block Price Prediction – May 2
The LBLOCKUSD price is attempting the next bullish cycle while trending up and recovering steadily. The coin price is struggling heavily not to fall and it could remain and continue to face the resistance level if the bulls should intensify their efforts and break up the $0.0000940 resistance level. The coin may likely increase to hit the $0.0001200 supply level and beyond, increasing buying activity among market participants
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000250, $0.0000200, $0.0000150
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
From the chart above we can see the Lucky Block price attempting the next bullish cycle below the moving averages; this means that the coin is in a bearish market zone. 
The sustained bearish pressure to a $0.0000300 low mark during the last session has made the coin price remain below the trend line in its recent high.
Today, the price pulls back at a level of $0.0000302 which later increases to a $0.0000362 high level below the moving average 50 suggesting the bulls’ gradual return to the market attempting the next bullish cycle.
However, the LBLOCKUSD price could grow further if the buy traders could increase their buying momentum and break up the $0.0000940 high level, maintaining further growth potential for the buy traders.
Moreover, the coin price attempting the next bullish cycle might continue as indicated by the daily signal pointing up. This will cause the bulls to continue the uptrend and in this case, the next bullish cycle might extend the coin price to the $0.0001200 high mark in the days ahead.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The Lucky Block market also trades in a bearish trend attempting the next bullish cycle in the medium-term outlook. This is due to the high order flow of the short-term traders.
The sustained bearish pressure at the $0.0000300 low level before the end of yesterday’s session has made the coin price drop below the supply levels lately.
Hence, the current pullback at the $0.0000362 resistance mark below the EMA-50 suggests the bulls are attempting the next bullish cycle to dominate the market soon. This indicates that bulls are gradually gaining access to the market at present and may likely take over sooner. Thus, a break above the $0.0000450 supply mark would intensify the buying pressure on the crypto.
Meanwhile, the momentum indicator also signaled up indicating an uptrend. Buyers are expected to continue with the bullish trend and in this case, the price might reach the $0.0001200 resistance value soon in its medium-term perspective.
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