Lucky Block Price Prediction – June 27
The LBLOCKUSD price may likely bounce off the support trend level and break up the resistance level at $0.0000745 soon. Thus, if the bulls could push harder and sustain the coin price above the previous high value at $0.0000745, a sharp breakout and closure by the bulls above the mentioned resistance value will invalidate any bearish thesis and the price might hit the high of $0.0001200 upper level and beyond.
Levels:
Resistance levels: $0.0000300, $0.0000400, $0.0000500
Support levels: $0.0000150, $0.0000100, $0.0000090
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Lucky Block remains bearish on the higher time frames. However, the price may bounce off the support trend level as soon as we can see a bullish correction in place.
The coin price is facing a resistance level below the moving averages; this indicates that the price may bounce off the support level soon as the bulls are set to push us higher.
The high order flow of the bears to the $0.0000158 support value during yesterday’s session also added to its bearishness. However, the bulls are ready to swing the coin price to the upper resistance zone.
The market price of LBLOCKUSD, which rises to a high of $0.0000196 below the moving averages as the daily session begins today, signals a return of bulls to the market and an improvement in bullish market sentiment.
Thus, the crypto price may bounce off the support trend level by closing the daily session above the $0.0000745 supply level, shifting the trade more to the buy side.
Additionally, the coin price may bounce off the support trend level soon and push higher as the market is oversold already. This will compel the buy traders to continue with the new correction phase to reach a $0.0001200 supply level in the days ahead in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The Lucky Block pair also trades in a bearish trend market and may bounce off the support trend level soon in the medium-term outlook. The price bars are below the supply levels due to the high impact of the short-term traders on the price flow.
The sustained bearish pressure in the past few hours has made the cryptocurrency price remain below the supply trend levels in its recent price level.
Meanwhile, the current price at a $0.0000196 low value below the supply trend level has not stabilized the market condition of the coin. Further, investors may seize the opportunity to buy the coin at a lower price and look for more gains ahead.
Notably, further downsides are unlikely as the market price of LBLOCKUSD is in an uptrend on the daily signal. The coin will bounce off the support trend levels to resume an uptrend soon, so we can now grow in confidence that a potential buy is coming near.
The price jump could hit the 0.0001200 resistance level in the coming days, indicating a strong supply zone for a potential BUY in its medium-time frame.
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