Lucky Block Price Prediction – June 11
LBLOCKUSD price reversal may hit the resistance level soon, following the new correction pattern breakout by the bulls at the moment. After updating the lows, a usual response would be a bullish reversal; should buyers increase their buying momentum, its price reversal could surge higher to retest the $0.0001099 resistance level which might drive the coin price to a high at $0.0001200 supply trend line, bolstering a higher potential to invest in the crypto market.
Key Levels:
Resistance levels: $0.0000400, $0.0000500, $0.0000600
Support levels: $0.0000200, $0.0000150, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
As an outcome of low bullish momentum, the LBLOCKUSD trades in a bearish trend. The prices are traded below the supply levels, indicating a bearish trend.
The bearish pressure at the $0.0000185 support level in the last session has made the coin stay below the supply trend levels in recent times.
Amidst the recent sell-off in previous action, the Lucky Block price reversal climbed to the $0.0000195 support mark below the moving average, trying to replenish the bullish momentum. Thus if this bullish growth pattern is steady, an established uptrend will be achieved. However, with this trend, traders may buy the coin at a low price and also make gains in the future.
Meanwhile, there is a possibility of the current price reversal at the 0.0000195 high level to surge higher as high as the $0.0001099 price level.
Furthermore, it is expected that the LBLOCKUSD price reversal continue soaring higher as shown by the daily signal which remains in an upward trend at the oversold region. In light of this, the crypto’s price may swing high to reach the $0.0001200 high mark in the coming days as we watch the Lucky Block market turn bullish sooner in its long-term outlook.
LBLOCKUSD Short-term Trend: Bearish (4H Chart)
LBLOCKUSD is trading in a bearish market at the moment. The market price reversal is facing the resistance level, which may likely hit the previous high level soon.
The sustained bearish pressure at the $0.0000185 low level in the last few hours has dropped the coin price below the supply level in its recent low.
The price which now trades at the $0.0000195 supply mark below the moving average indicates that the bulls are actively buying the coin at the moment. This will eventually make the coin gain more strength and push higher.
Hence, the price reversal could lead the Lucky Block price to hit the $0.0000398 supply level, if the bulls can accelerate their buying forces.
In addition, the LBLOCKUSD price will still go up as indicated by the daily stochastic pointing upward in the oversold region. We can expect the new shift in trend to reach a high at the $0.0001200 trend mark soon in its medium-term time frame.
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