Lucky Block Price Prediction- June 13
The market price of LBLOCKUSD has the potential for a bullish rise as the pair is about to enter the new correctional phase. Based on the outlook, the coin price will most likely continue its bullish run and the price could still go higher if the forces from the long traders is able to break up the $0.0003429 resistance level, then we can expect a good upside momentum up to $0.01000 upper resistance level and a potential buy signal.
Key Levels:
Resistance levels: $0.0002100, $0.0002200, $0.0002300
Support levels: $0.0001000, $0.0000900, $0.0000800
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Lucky Block portrays a bearish market trend in its long-term outlook. The price responded to the shift in the market structure and is currently below the moving averages. However, the market is presently facing resistance at the recent high.
The existence of the bears in the market inflows to the $0.0001014 support level during the yesterday’s session has led to the crypto price trading below the supply trend lines in its recent times.
The long traders made a corrective move to the $0.0001127 high value below the supply trend levels as a pullback as the daily chart opens today, indicating the traders are buying at this level to turnaround the market conditions of the currency pair. More upsides are possible if it breaches the moving averages.
In addition to this, the daily stochastic suggests an uptrend; this means that the LBLOCKUSD has a potential for a bullish pattern continuation. In light of this, the coin price may likely hit the $0.01000 supply level in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
LBLOCKUSD indicates a downward trend with a bearish sentiment in its medium-term perspective. The coin price can be seen below the two EMAs which are glued together. This is due to the high inflows of the sell traders.
Pressure from the bears at the $0.0001025 low level during yesterday’s session actually made the coin price stay below the supply trend levels in its recent times.
The coin is now facing the new correction phase at the $0.0001127 supply mark below the two moving averages. Thus, a break above $0.0002300 would intensify the buying pressure on the crypto.
Furthermore, the Lucky Block market is pointing up on the daily stochastic, this indicates that the coin price will still continue in an upward move and in this case $0.01000 supply level may be the target in its medium-term forecast.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply