Lucky Block Price Prediction – July 6
The market price of LBLOCKUSD may experience a possible retracement at the $0.0001026 support level to resume its upside moves soon. Should the bulls push higher and close above the $0.0003429 resistance value, a bullish breakout confirmation will reflect the improved market sentiment. Doing so will offer a higher footing for buyers to prolong this recovery. Thus, a post-retest rally may drive the prices high to hit the $0.02000 upper resistance trend level.
Levels:
Resistance levels: $0.0002100, $0.0002200, $0.0002300
Support levels: $0.0001100, $0.0001000, $0.0000900
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the two EMAs. However, the current trend will soon be nullified as the market now trades at the oversold region.
The sustained bearish pressure at the $0.0001000 support value in the previous action has made the crypto price drop below the supply levels in its recent low.
The market price of Lucky Block is currently trading at the $0.0001026 low value below the resistance trend lines in the long-term outlook. This is due to the high inflow from the short traders.
Meanwhile, the current price at a $0.0001026 low value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.
In case the bulls increase their buying motive and exchange hands with the bulls at the mentioned support, the coin price may likely reverse to hit the $0.0003429 previous high which would nullify any further bearish moves.
Meanwhile, further downsides are unlikely as the market price of LBLOCKUSD has reached the oversold region. The coin will resume an uptrend soon, so we can now grow in confidence that a potential buyer is coming near.
The price jump could hit the$0.02000 resistance level, indicating a strong supply zone for a potential BUY in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is also trading in a bearish market in its medium-term outlook. This is due to the high influence of the sell traders. Lucky Block is possibly making its way up after hitting the $0.0001043 level to overcome support to signal a pump-up. It looks like the price will want to bounce up again in the medium term.
The sustained bearish pressure at the $0.0001000 support value during the previous action has made the crypto’s price stay below the supply trend line in recent times.
Hence, after completing the lows, the coin price has moved up to a $0.0001046 high level below the two EMAs as a pullback from the bulls as the 4-hourly chart resumes today. This is a result of more concerns from the buy investors.
Thus, closing the 4-hourly session above the $0.0002000 supply level will put the trade more on the buy side.
Adding to that, we have a bullish bias that the coin price will continue the bullish trend as the market is oversold already.
If the buying pressure should increase, there may be a potential rise in the Lucky Block price and this might possibly retest the previous high of $0.0002000 level which might further extend the coin price to the $0.02000 high trend line in the coming days in its medium-term outlook.
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