Lucky Block Price Prediction- June 12
It’s about time for the LBLOCKUSD pair to resume the bullish trend and this may break up the $0.0001099 crucial high to signal a pump. The coin has the potential to make the next bull run a historical one. Based on the outlook, if the resistance level rises above the $0.0001099 value, continuation to the upside is ensured and this may drive the crypto price to the $0.0001200 upper resistance level, setting the stage for more ambitious resistance.
Levels:
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000250, $0.0000200, $0.0000150
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price shows signs of an upward retracement following the completion of the low dips. The coin is now witnessing a renewed recovery sentiment among the investors below the supply levels which indicates a bearish trend.
The selling momentum at the $0.0000185 support level in the last few days has contributed to the coin’s bearishness in its recent price level.
Earlier today, the bulls’ action increased the price of Lucky Block up to a $0.00001990 high mark below the moving averages even as the daily session opens today, suggesting the returns of the buy traders in the market
The coin is facing a new correction phase thus, a break above the $0.0001099 resistance point would intensify the buying pressure on the crypto.
In addition, the momentum indicator also signaled up, indicating an uptrend. Buyers are expected to continue with the trend and in this case, the price might surge higher to reach the $0.0001200 resistance value soon in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4HChart)
LBLOCKUSD pair portrays a bearish market in its medium-term outlook. The pair is currently below the level of $0.00001980. This is due to the high inflow of sellers in the market.
The bears’ sustained pressure at the $0.00001770 low value in the past session has made the coin price remain lower in recent times.
However, the smooth ride to the $0.00001990 high mark shortly after the 4-hour session begins indicates the gradual returns of the bulls to set the potential high and stabilize the Lucky Block market.
Therefore, a strong push by long traders above the previous high of $0.0000398 level with a 4-hour candle closing could indicate a shift in market dynamics. Such a breakthrough would allow buyers to regain control of LBLOCKUSD, potentially driving the price to the upper high level.
Further, the daily signal indicates an upward trend. Hence, if additional selling power is prevented the price may likely hit the $0.0001200 upper channel in the nearby days in its medium-term time frame.
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