Lucky Block Price Prediction – May 9
Amid the current uncertainty in the crypto market, LBLOCKUSD price dips are considering a rise as the selling pressure may end soon. If the bulls could prove stronger and rule out the selling pressure at the $0.0000311 support level, the bulls may drive the coin price to retest the $0.0000940 resistance level which could extend to a $0.0001200 upper resistance level, regaining buyers’ confidence in the recovery sentiment.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD price is considering a rise soon as the dips and remains bearish in its long-term outlook. The price bar can be seen forming lower lows below the moving average line and has confirmed its bearishness. 
The dip lows movement by the sell traders to a $0.0000300 support level during yesterday’s session has made the coin price consider a rise below the supply level right now.
The bears made a further drop in the Lucky Block price to the $0.0000311 low level below the EMA-50 as the daily chart begins today. Meanwhile, investors may seize the opportunity now and buy the coin at a lower price, and look for more gains ahead.
With the overall market trend still bearish, the LBLOCKUSD price which is considering a rise soon may likely plunge higher and retest the high accumulation zone of $0.00000940, if the bulls could add more strength to their buying motives.
Notably, the market is pointing up in the oversold region of the daily stochastic; this means that the crypto is considering a rise soon and is open for bullish growth, in light of this, the price of LBLOCKUSD might hit the $0.0001200 supply trend mark in the coming days, thus registering a buy signal for coin traders soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, the Lucky Block price is also considering a rise soon as the market price is about ending the selling pressure. The price is below the moving averages and has confirmed a bearish momentum breaking the previous low. Hence, the pair has just begun its rising pattern, considering a rise soon.
The price drop by the bears to a $0.0000300 low level in the previous session has made the coin price remain below the supply levels lately.
Today, the crypto rebounded from the mentioned support to a $0.0000310 high level below the EMA-50 as the 4-hourly chart opens. This indicates a genuine reversal which may attempt the $0.0000450 breakout.
In addition, the Lucky Block price is considering a rise as indicated by the daily stochastic which is pointing upwards in the oversold region. This implies that the uptrend rally has just started and with the look of things, the rally might hit the $0.0001200 high value in the coming days in its medium time frame.
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