Lucky Block Price Prediction- July 2
It could be seen that the LBLOCKUSD pair is attempting the next bull cycle, indicating increasing confidence among investors. The crypto may likely increase to the upside, as the coin price is set for the next bull cycle. Thus, if all the support level holds and the bulls should put more aggression into their activities, the coin price may rally up to hit the $0.0001099 high level, which could extend to a $0.0001200 upper resistance level, indicating growing investors’ confidence.
Levels:
Resistance levels: $0.0000400, $0.0000500, $0.0000600
Support levels: $0.0000200, $0.0000150, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is in a bearish market, attempting the next bull cycle in its long-term perspective. The price is below the supply line, suggesting the bulls are making a recovery attempt.
The high order flow from the bears to a $0.0000168 low value during yesterday’s session also added to its bearishness. However, the bulls are currently in the market attempting the next bull cycle alongside broader market gains.
The bulls are trying hard not to fall again as the market value of the Lucky Block jumps to a $0.0000180 high value shortly after the commencement of the daily session opens today, indicating that the bulls are attempting the next bull cycle.
Thus, the bullish momentum may be ignited, and the coin price may rise to break up the previous high of $0.0001099 level shortly, if the current support remains unchanged, and the bulls should enhance their market activity.
Notably, the market price of Lucky Block is in an uptrend on the daily stochastic. It means that the selling pressure has reached exhaustion. In light of this, the upcoming bullish cycle could be high at the $0.0001200 level in the coming days as the bulls are attempting the next bull cycle in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is trading below the moving averages, attempting the next bull cycle: an indication of bearish market sentiment in its medium-term view. Thus the LBLOCKUSD is correcting and will resume its bull cycle soon.
The high order flow from the bears to the $0.0000168 support value during yesterday’s session also added to its bearishness in its recent price level.
The bulls could not relent: the price movement of Lucky Block to a $0.0000180 high mark below the resistance level shortly after today’s 4-hourly session open, implies that the bulls are attempting the next bull cycle.
Hence, with strong buying pressure and high market sentiment, the cryptocurrency might touch the $0.0000340 previous high level, maintaining its upward trend and attracting new investors.
However, the bulls are set to take the pair to a psychologically key level on the upside soon, as indicated by the daily stochastic pointing upwards. Thus, the $0.0001200 upper supply level might be the target as the bulls are attempting the next bull cycle in its medium-term outlook.
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