Lucky Block Price Prediction – May 27
The Lucky Block price is getting close to the $0.0001099 supply level and has already increased significantly in the previous actions; obviously, the bears are clearly losing control at the moment. The crypto is showing significant potential for growth and may likely hit the previous high at $0.0001099 level provided the current support level at $0.0000278 holds.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000300, $0.0000250, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD price is getting close to the previous high level with an increase in buying pressure from the bulls on the daily chart. Though, the price is trading below the supply trend lines it is getting close to the resistance levels as a new correction is currently taking place.
The sustained bearish pressure on the cryptocurrency at the $0.0000278 supply level during yesterday’s session has made the price stay below the moving average at the moment.
Today, the price of Lucky Block is getting close to the resistance trend line as the bulls moved the price action to a $0.0000300 supply level as the journey up north continues. this indicates that buyers are actively dealing with the coin.
However, if the buy traders successfully keep the Lucky Block prices above the $0.0000885 resistance level, a retest of the previous high at the $0.0001099 level is possible which may further extend the coin price to the $0.0001200 upper high level in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
LBLOCKUSD can be seen progressing forward and getting close to the upper resistance levels in its medium-term perspective. Buyers are having the market at their disposal at the moment.
The bulls’ pressure on the crypto in the past few hours has sustained its bullishness in its recent high. This however confirms the presence of more bulls’ impact on the coin.
Today, the bulls caused a rise to a $0.0000300 high level above the moving averages to resume its uptrend. From the look of things, it seems it will keep growing.
Hence, the bullish momentum might be triggered and the price may likely increase to break up the $0.0000398 previous high value soon if the current support remains unmoved and the bulls should speed up their activities in the market
In addition to this, the Lucky Block price is pointing upward on the daily stochastic, indicating an upward move. We, therefore, expect a breakup of $0.0001099 and growth of the price to the resistance of $0.0001200 value in the near days as the coin price is getting close to the upper channel in its medium-term time frame.
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