Lucky Block Price Prediction: June 13, 2022
LBlock/USD price action shows that the bears are once again in control. However, at intervals bulls will take control but only for a short time, as they get tired too soon. Generally, the bears are the fiercer, as they continue to drag the Crypto’s price action to lower levels.
LBLOCK price now: $0.001010
LBLOCK market cap: $35,604,593.92
LBLOCK circulating supply: 37.23 Billion
LBLOCK total supply: 99,600,521,808
LBLOCK Coinmarketcap ranking: #3454
Key Levels:
Resistance levels: $0.001007, $0.001051, $0.001081
Support levels: $0.001016, $0.001007, $0.001002
LBlock/USD Price Prediction: LBlock Price Action Is Bearish
LBlock/USD trades at $0.001010 on the 4-hour chart, as the coin resumes its downward movement. The price action remains below the fast and slow-moving averages. Each attempt of the bulls to move the price up was short-lived, while the bears keep buffeting the LBlock price.
Furthermore, the RSI indicator shows that the crypto has already reached the oversold region: 80% is about. Also, the lines of the RSI indicator are about to cross each other, and once this happens the price action will become more bearish.
LBlock/USD Price Prediction: When Will Bulls Resume?
Currently it seems as if fear has taken over the Lucky Block market, as more people are selling. The bountiful supply of sellers keeps strengthening the bears over the bulls. Technically, the bears will eventually be exhausted, going by the RSI reading which is heading towards the oversold region. Analyzing the RSI reveals that the downtrend will continue, as the fast and slow RSI lines are widely separated.
The faster RSI line is already touching on the oversold region, while the slower one lags but also heading in a similar direction.
Finally, this may bring the LBlock/USD price higher to of $0.00300 and $0.00200.
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