Lucky Block Price Prediction – June 13
The LBLOCKUSD pair is currently gathering momentum for the next price jump after completing the downward movements. With strong buying and positive market sentiment, the coin has the potential to continue its upward trend and attract more investors. Therefore, if the bulls could trigger their forces in the market, and the price closes above the $0.0001099 supply trend; this may trigger the next price jump reaching the $0.0001200 upper resistance level, resulting in a buying opportunity for traders before attempting another rally.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000230, $0.0000220, $0.0000210
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block pair is trading in the bearish market zone on the daily chart. The bulls are also preparing for the next price jump and will not allow the support level to remain. The price is presently making its way up to the high barrier level, confirming the bearishness.
The bears’ push at the $0.0000185 support level during yesterday’s session has contributed to the market’s current downturn. Meanwhile, the bulls have just resumed the new correction and the next price jump may reach the previous barrier level.
The buy traders corrected the $0.0000190 supply mark and further rose to a $0.0000204 high value below the supply level to resume its next price jump as the daily chart resumes today. The current price level shows an intraday gain.
Hence, if the buying pressure persists, the bulls may approach the next price jump and a potential target of $0.0001099 value, followed by the $0.0001200 resistance level.
As a result, with the price of LBLOCKUSD trending upwards on the daily stochastic, further upside seems almost inevitable. In light of this, the next price jump by the bulls is expected to drive the coin price up to the $0.0001200 upper resistance level in the long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Analyzing the chart below, we can see the LBLOCKUSD pair attempting the next price jump on the medium-term outlook. The price currently trades below the EMA-50, confirming its bearishness. 
The sustained bearish pressure at the $0.0000176 support level during the last session has retained the coin price below the supply level lately.
However, the market is presently facing the next price jump at the recent high due to the returns of the bulls into the market at the present.
The price action of Lucky Block which increases from the $0.0000190 level to the $0.000204 resistance level below the moving averages as a retracement move, affirms the presence and the impact of the bulls in the market for the next price jump.
Thus, a rise above the $0.0000398 resistance level with a 4-hourly candle closing will invalidate the bearish thesis and bolster buyers for a higher recovery.
Hence, the pair pointing up on the daily stochastic means that the buying pressure may continue, and suggests the next price jump reaching a $0.0001200 upper resistance level in the coming days in the medium-term time frame.
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