Lucky Block Price Prediction – May 13
LBLOCKUSD initiates another uptrend after completing the low movement. Should the bulls regroup and push higher, and the price shows sustainability above the $0.0000940 resistance value, the post-retest rally may drive the prices high to hit the $0.0001200 resistance trend level.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000350, $0.0000300, $0.0000250
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price is in a bearish trend in its long-term view. The pair currently initiates another uptrend to begin its bullish rally. So, it seems that the bulls are about to take over and push us higher. 
The sustained bearish pressure at the $0.0000299 support value during the last session has made the crypto’s price stay below the supply trend line in its recent correction level.
The bulls initiate another uptrend by causing a rise to the $0.0000307 high level below the EMA-50 as a pullback shortly after the daily chart opens today affirms the returns of the long traders into the market. Thus, the price of Lucky Block is set to advance further and may likely retest the $0.0000940 previous high level, if the bulls can redouble their efforts and push above the current supply level.
Similarly, the LBLOCKUSD price may likely continue its journey up north as indicated by the daily stochastic which is pointing upwards in the oversold region of the daily signal.
This means that the selling pressure has ended; we can therefore expect the upcoming bullish correction phase to reach a high of $0.0001200 value soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The LBLOCKUSD pair remains bearish in its medium-term view. The crypto buyers just initiated another uptrend but have not yet reached their goal. 
The price of the cryptocurrency has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $0.0000283 level during yesterday’s session, but it now appears like the bulls are set to take control and drive us upward as they initiate another uptrend.
The bulls aggressively initiate another uptrend at the $0.0000305 resistance value slightly below the EMA-50 as the 4-hourly chart opens today. Thus, the bullish correction at the mentioned supply value returns the buy investors to the market for the next increase race. Thus, closing the 4-hourly session above the $0.0000390 supply level will put the trade more on the buy side.
The Lucky Block pair is pointing upwards at around the 21% range of the daily stochastic. It indicates that the selling pressure has ended. We will now be looking into the emergence of more buyers in the oversold region of the market. This breakout rally might hit the 0.0001200 supply level in the days ahead in its medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply