Lucky Block Price Prediction- June 8
The Lucky Block (LBLOCKUSD) price recovery is set to target the $0.02000high mark and an opportunity for long investors. Should the bulls regroup and push higher, a further bullish breakout from the $0.0003083 value will accelerate the new correction phase. The $0.02000 upper resistance level and beyond might be the target.
Levels:
Resistance levels: $0.0002100, $0.0002200, $0.0002300
Support levels: $0.0001000, $0.0000900, $0.0000800
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block price is in a bearish trend in its long-term view. The bears are now involved in the order flow, but it seems that the bulls are about to take over and push us higher.
The sustained bearish pressure at the $0.0001920 support value during the previous action has made the crypto’s price to stay below the supply trend line in its recent high.
The coin price found a reliable resistance after completing the downside moves at the $0.0001118 value as a pullback below the two EMAs as the daily session resumes today.
Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at the present.
Thus, should the bulls change their orientation and push higher the coin price may likely increase further to retest the $0.0003429 high mark.
Similarly, the LBLOCKUSD price may likely continue its journey up north as indicated by the daily stochastic which is pointing upwards in the oversold region of the daily signal. This means that the selling pressure has ended; we can therefore expect the upcoming bullish correction phase to reach a high of $0.02000 value soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD pair is in a bullish momentum in its medium-term view. The trend has just resumed its rising pattern but has not yet reaches its goal. The sustained bullish pressure in the past few hours has retained the strength of the crypto above the supply trend levels.
The aggressive move by the bulls pushed the Lucky Block price up to the $0.0001118 resistance value slightly above the EMA-9 as the 4-hourly chart opens today. Thus, the bullish correction at the mentioned supply value returns the buy investors to the market for the next increase race.
Hence, we have a bullish bias that the coin price will rise further to the upsides if the buying pressure should increase. Currently the crypto is making a correction, there may be a potential rise in the price of LBLOCKUSD and this may possibly retest the previous high of $0.0002300 supply level which might further extend the coin price to the $0.02000 high trend line in the coming days in its medium-term outlook.
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