Lucky Block Price Prediction – June 29
LBLOCKUSD is set for the next uptrend as the coin is expected to resume its upward trend soon. The price is expected to swing up from its present support level. If the support level at $0.0000158 holds, the price will undoubtedly rise. It could hit a high of $0.0000745 level and extend to the $0.0001200 upper resistance level, signaling the potential for significant gains as the uptrend resumes soon.
Levels:
Resistance levels: $0.0000300, $0.0000400, $0.0000500
Support levels: $0.0000150, $0.0000100, $0.0000090
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is set for an uptrend in its long-term perspective. The coin prices are below the supply trend levels, signifying a bearish trend. As an outcome of low bullish momentum, sellers are hindering the market from smashing through the resistance zones. However, this is likely running to an end as the bulls are set for an uptrend to take their place right away.
The high order flow of the bears to a $0.0000158 low value during yesterday’s session also added to its bearishness. However, the bulls are set for an uptrend as a new correction pattern is taking place.
The bulls’ action increases the price of Lucky Block up to the $0.0000170 resistance level below the EMA line even as the daily session opens today, signaling the return of bulls to the market and an improvement in bullish market sentiment. Meanwhile, more future gains await traders who buy the asset during a bearish market.
Thus, if the crypto’s price could hold above the $0.0000745 high level, the potential rally may surge higher to a significant level at the upper channel, shifting the trade more to the buy side.
Meanwhile, further upside is likely as the market is oversold already. Therefore, if all the support levels hold in place, we could see the shift in the trend to a $0.0001200 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The Lucky Block pair is set for an uptrend as well in its medium-term outlook. From the chart below, the prices are trending up below the supply levels, indicating its bearishness.
The sustained bearish pressure to a $0.0000153 low value in the past few hours has made the cryptocurrency price remain below the supply trend levels in its recent price level.
However, the LBLOCKUSD pair is regaining its strength and set for an uptrend as we can see a new corrective move by the bulls to a $0.0000170 high level at the support levels as the 4-hour chart resumes today.
The price of Lucky Block may increase further if the buy traders exert more force in the market. A key level above the $0.0000340 high level might be reached, signaling the potential for significant gains.
Additionally, the selling pressure has reached bearish exhaustion; the currency pair has reached the oversold region of the market. The bulls are expected to resume an uptrend soon and push the price further. The target might be a $0.0001200 high value in the days ahead as the coin sets for an uptrend in its medium-term time frame.
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