Lucky Block Price Prediction – July 7
LBLOCKUSD price may likely retest the $0.0003429 peak level soon as it is about to resume its bullish race. The cryptocurrency is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the price may likely reverse and turn positive to reach the $0.01000 upper high level and beyond.
Key Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
As an outcome of low volume from the bulls, the LBLOCKUSD pair is in a bearish trend on the daily chart. The price currently trades below the moving average lines confirming a downtrend.
The price drop to the $0.000901 low value during the previous action has made the coin price trade below the supply levels in its recent low. This will soon be invalidated as the coin market now trades in the oversold region.
Meanwhile, the current price of Lucky Block at a $0.0000922 low value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Based on the outlook, should the bulls push higher and exchange hands with the short-term traders at the mentioned support, the coin price could turn upside to hit the$0.0003429 previous high mark, hence increasing the bullish sentiment of the market.
The Stochastic is also showing the market is already oversold. This means that the selling pressure will end soon. This will compel the bulls to resume the bullish trend to retest the $0.0003429 supply level; the $0.01000 resistance level might be reached in the days to come in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The LBLOCKUSD pair is bearish. The market now trades below the moving averages; this affirms its bearish race in its medium-term outlook. 
The bears’ drop to the $0.0000901 low level, during yesterday’s session has made the currency pair remain in a downtrend zone in recent times. Meanwhile, the bulls are now involved in the order flow, as the bulls are about to take over and push us higher.
Hence, after completing the lows, the Lucky Block price has moved up to the $0.0000987 high level below the two EMAs as a pullback from the bulls as the 4-hourly chart resumes today. This suggests the return of the bulls to the market to move the price of the Yen higher.
Therefore should the bulls increase their swagger in the market, the price is poised to pump up above the key resistance levels around $0.0002000.
In addition to that, the momentum indicator which is pointing up indicates that the price of LBLOCKUSD is in an uptrend and may possibly remain in that direction to hit the $0.01000 upper supply level and beyond in the days ahead in the medium-term time frame.
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