Lucky Block Price Prediction – June 6
LBLOCKUSD is likely to experience a possible reversal at the $0.0000265 current support level to face the positive side soon. After testing the bottom support, a usual response would be a bullish reversal. Should buyers eventually wrestle trend control from sellers and rebound from the $0.0000265 support level, the bullish momentum might drive the coin price to the previous high of the $0.0001099 barrier level which extends to the $0.0001200 upper resistance level.
Key Levels:
Resistance levels: $0.0000400, $0.0000500, $0.0000600
Support levels: $0.0000250, $0.0000200, $0.0000150
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
It is likely for the LBLOCKUSD pair to encounter a possible reversal at the current support level on the daily chart. The coin is printing lows below the supply level which confirms its bearishness.
The persistent bearish pressure on the crypto in the past few days has made the price remain below the supply level in recent days.
The bears’ action further slid the Lucky Block price down to a $0.0000265 low level below the EMA-50 as the daily chart commences today. However, with this trend, traders may buy the coin at a low price and also make gains in the future.
As a result, if the bulls exchange hands with the sell traders at the $0.000265 current support value and close above the $0.0001099 resistance level, buy investors will see more intraday profits.
Meanwhile, there is a possibility of price reversal at the mentioned support level as the market is now pointing upwards on the daily stochastic. It means that the coin market may turn upside down sooner and the time to gain more strength by buyers is near.
In light of this, the next bull’s target might be the $0.0001200 upper resistance level in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The market value of Lucky Block on the lower time frame is also bullish and there is a possibility for a bullish reversal soon. The crypto value is below the moving averages and has confirmed its bearishness. 
The sell traders made a downward move to the $0.0000270 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.
Activities from the sell traders further dropped the market value of the LBLOCKUSD pair down to a $0.0000265 low level below the moving average as the 4-hourly chart begins today.
However, the currency pair could experience a possible reversal at the mentioned support and grow further if the buy traders could change their orientation and push harder. The retest of the $0.0000368 existing high mark is possible soon
Additionally, the LBLOCKUSD price will turn upside down soon as the coin market is already oversold. This will bring the emergence of the bulls to the new shift in trend to reach a high at $0.0001200 upper resistance level in the days ahead in its medium-term perspective.
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