Lucky Block Price Prediction- May 4
Lucky Block price may likely rebound at the $0.0001767 support value as the coin is getting set to resume its positive moves soon. The price is likely to retrace from the mentioned support level if the bulls could add extra efforts to their buying pressure and further selling pressure is put on hold. The coin price will definitely increase and possibly reach a high of $0.02000 value and beyond.
Levels:
Resistance levels: $0.002500, $0.002600, $0.002700
Support levels: $0.001599, $0.001499, $0.001399
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
LBLOCKUSD is in a bearish market zone in its long-term perspective. 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 it seems the sell traders look exhausted.
The price drop to the $0.0001713 low value during the previous action has made the coin price trade below the supply levels in its recent trend level. This will soon be invalidated as the market is oversold already.
The bearish pressure further dropped the coin price down to the $0.0001705 support value below the moving averages as the 4-hourly chart resumes today. Further, investors who buy the coin during a massive drop will also make gains in the future.
Meanwhile, further downsides are unlikely as the market price of Lucky Block price has hit the wall brick by pointing upwards in the oversold region of the daily signal. This indicates that the selling pressure has ended.
This will compel the bulls to resume the bullish rally soon and possibly retracement at the $0.0001705 support value is imminent; therefore, we can now grow in confidence that a potential buyer is coming near.
Thus, the upcoming bullish race might possibly reach the $0.02000 high level in the days to come in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
The coin price still trades in a bearish market in its medium-term perspective. The coin price can be seen trading below the supply trend levels. 
Sellers acted bravely during yesterday’s session by dumping the price of Lucky Block to a $0.0001804 low value below the moving averages which has made the price remain in a downtrend in its recent price level.
The bulls could not relent anyway, so, the price movement after dropping to a $0.0001705 low level shortly after today’s 1-hourly session opening, the price of LBLOCKUSD rebounded and rise significantly to a $0.0001767 high level below the two EMAs indicating a recovery attempt by the bulls to reach a key significant level at the upside. Hence, a strong breakup above the $0.0002098 resistance point would strengthen the bullish pressure.
Meanwhile, further upside is likely as indicated by the daily stochastic which is pointing in an upward direction. Therefore, if all the support level holds in place, we could see a shift in the trend to a $0.02000 supply level in the coming days in its medium-term outlook.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply