Lucky Block Price Prediction – May 31
LBLOCKUSD price could see another upbeat trend after updating the current dips. The coin might break out and resume its uptrend soon if buyers change their orientation and trigger the buying pressure. A possible breakout at the $0.0000745 previous resistance level, might accelerate the coin price to the $0.0001200 upper high level, resulting in notable growth for the coin buyers.
Levels:
Resistance levels: $0.0000400, $0.0000500, $0.0000600
Support levels: $0.0000250, $0.0000200, $0.0000150
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD market is having a bearish posture; meanwhile, the price could see another upbeat trend soon as the selling pressure seems to be exhausted in its long-term outlook as can be seen from the chart below. 
The bears’ persistent pressure at the $0.0000271 support level in the past few days has added to the recent bearishness.
Today, the bears however made a drop to a $0.0000262 support level below the moving averages as the daily chart commences. Meanwhile, traders who buy in the bearish market will also make more future gains.
Thus, more intraday gains would be recorded for the buy investors if the bulls could exchange hands with the sell traders and close above the $0.0000745 resistance value.
Meanwhile, further downsides are unlikely as the market price of Lucky Block has reached the oversold region. The coin will resume an uptrend soon, so we can now grow in confidence that a potential buy is coming near.
This may eventually lead the crypto price to the $0.0001200 upper high mark in the coming days in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
On the medium-term outlook, LBLOCKUSD is bearish. The coin could see another upbeat trend soon as the coin price now approaches the oversold region.
The sell traders made a downward move to the $0.0000271 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.
In the meantime, the coin’s market situation has not stagnated despite the present price, which is $0.0000265 low value below the supply trend lines. Moreover, investors can take advantage of this current opportunity to purchase the currency at a discount to pursue future gains.
Adding to this, the Lucky Block price could see another upbeat soon as the market now faces the oversold region, this will compel buyers to resume and move the market value of Lucky Block up. The upcoming bullish correction rally might reach the significant level of the $0.0001200 supply mark soon in the medium-term time frame.
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