Lucky Block Price Prediction – May 19
The market price of LBLOCKUSD may hit the wall at the above-mentioned support to rise soon. The coin might possibly experience a possible reversal at the $0.0001390 support level to resume its upside moves soon. Should the bulls push higher and exchange hands with the bears at the $0.0001390 low level, the coin price could turn upside to retest its previous high of $0.0003429 resistance value, which might further extend to a $0.02000 upper high value and beyond.
Levels:
Resistance levels: $0.0002300, $0.0002400, $0.0002500
Support levels: $0.0001500, $0.0001400, $0.0001300
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
The Lucky Block price is forming lower lows and lower highs on its long-term chart. Further, the price is trading below the two EMAs; it means that it’s in a bearish market zone at the moment.
The sustained bearish pressure at the $0.0001414 support value in the past few days has made the crypto price drop below the supply levels in its recent low.
Meanwhile, the current price at a $0.0001390 low value below the supply trend lines has not stale the market condition of the cryptocurrency. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Furthermore, there is a possibility for a price reversal at the mentioned support soon as the market now approaches the oversold region of the daily stochastic. This will compel the bulls to return to the market and push the LBLOCKUSD price to the upside.
This upcoming bullish rally may likely break up the $0.0003429 high mark which might possibly hit the $0.02000 supply value in the coming days in the long-term outlook.
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The LBLOCKUSD pair is in a bearish movement zone in its medium-term outlook. This is due to the high influence of the sell traders.
The price drop to the $0.0001414 support level during the previous action has made the coin price remain below the supply levels I its recent low.
The bulls further dropped the price of Lucky Block down to the $0.0001390 support value below the two EMAs as the 4-hourly chart resumes today.
Meanwhile, further downsides are unlikely as the market price of Lucky Block has reached the oversold region. The coin will resume an uptrend soon, so we can now grow in confidence that a potential buy is coming near.
If the bulls could achieve this, the price jump could hit the the$0.02000 resistance level, indicating a strong supply zone for a potential BUY in its medium-term time frame.
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