Lucky Block Price Prediction – June 21
LBLOCKUSD looks for an upside reversal and price could see another uphill trend soon. The coin price drop below the supply levels may act as a resistance and support to the recovery attempt by long-term investors. However, a breakout is imminent as the selling pressure seems to have been exhausted. Therefore, breaching the previous resistance level of $0.0001099 will provide buyers with suitable support and lead the upcoming correction to hit the $0.0001200 upper high mark, strengthening the grip of buyers over the asset.
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 price looks for an upside reversal as the coin market signals an end of the current correction in its long-term outlook. Further, the price is trading below the EMAs; which means that it’s in a bearish market zone at the moment.
The sustained bearish pressure at a $0.0000191 low level during yesterday’s session has made the cryptocurrency price remain below the supply trend levels in its recent low.
Today’s price drop to the $0.0000181 support level below the EMA-50 as the daily chart opens is a result of low bullish momentum. Given the existing trend, customers can purchase the crypto at a reduced cost, pushing the market up.
As a result, if the bulls increase the amount of market tension, the price trend will rise above the critical level e $0.0001099 resistance.
Furthermore, the Lucky Block pair looks for an upside reversal at the $0.0000181 low value and goes higher as the market is presently trading below the 5% region of the daily stochastic, implying that the selling pressure will ease shortly.
This will drive purchase traders to resume an uptrend, and the $0.0001200 supply level is expected to be broken soon as the LBLOCKUSD looks for an upside reversal in the longer term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The coin also trades in a bearish trend market and looks for an upside reversal in the medium-term outlook. The price is below the moving average line, confirming its bearishness.
The sell traders’ momentum to the $0.0000199 support level in the last few hours has made sellers drop the price of Lucky Block below the supply trend lines in recent times.
Bearish actions pushed the coin price down to a $0.0000181 support level, below the EMA-50, as the 4-hourly chart resumed trading today.
As a result, positive momentum may be ignited, and the price may rise to the previous high of $0.0000340 shortly, if the current support remains unchanged, and bulls should enhance their market activity.
Additionally, the price of LBLOCKUSD looks for an upside reversal as the market is already oversold. We will now be looking into the emergence of more buyers in the oversold region of the market. This crossover could encourage the breakout rally to hit the 0.0001200 supply level in the days ahead in its medium-term time frame.
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