Lucky Block Price Prediction – June 3
LBLOCKUSD at the moment is on the verge of breaking up its previous high of $0.0000745 level and the price could be ready for an upward movement soon. If the buy investors could prove stronger, the coin price may likely reverse at the $0.0000269 current support and show sustainability above the mentioned resistance value, its upsides should extend further and this may reach the $0.0001200 upper resistance level.
Levels:
Resistance levels: $0.0000297, $0.0000298, $0.0000299
Support levels: $0.0000258, $0.0000257, $0.0000256
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
On the daily chart, the LBLOCKUSD pair may likely reverse and break up the $0.0000745 high level if the buy traders should increase their tension in the market. The coin is currently printing lows below the supply level and breaking up the previous level might likely be the target soon.
The sustained bearish pressure at the $0.0000271 support level during yesterday’s session has made the cryptocurrency price remain below the supply trend levels in its recent low.
Actions from the bears further dropped the coin price down to the $0.0000269 support level below the EMA-50 as the daily chart resumes today. As a result, if the bulls exchanged hands with the sell traders and closed above the $0.0000745 resistance level, the buy investors would see extra intraday gains.
In light of this, the price jump could hit the 0.0001200 resistance level in the coming days, indicating a strong supply zone for a potential BUY in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The coin also trades in a bearish trend market and is on the verge of breaking up the $0.0000745 supply level in the medium-term outlook. 
The sell traders made a downward move to the $0.0000272 support level before the end of yesterday’s session. This gave sellers more strength to drop the price of Lucky Block below the supply trend lines in recent times.
The market price of LBLOCKUSD which further dropped to a $0.0000268 low level below the moving averages as the 4-hourly session opens today is a result of low bullish momentum. Thus, closing the 4-hourly session above the $0.0000358 supply level will put the trade more on the buy side.
The pair is now approaching the oversold region of the daily stochastic. It indicates that the Lucky Block price selling pressure may end soon. We will now be looking into the emergence of more buyers to breaking up the $0.0000745 high level which the breakout may further extend to hit the $ $0.0001200 supply level in the days ahead in its medium-term time frame
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