Lucky Block Price Prediction- June 10
LBLOCKUSD may likely increase to the upside, as the coin price is set for the next bull trend. The coin has seen a notable price correction in the past few hours. Thus, if all the support level holds and the bulls should put more aggression into their activities, the coin price may rally up to hit the $0.0000745 high level which could extend to a $0.0001200 upper resistance level, indicating a bullish trend in a near term.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000220, $0.0000210, $0.0000200
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block pair is showing a bearish display in its long-term perspective. The price is set for the next bull trend as we can see a new correction in place below the supply levels.
The long bearish candle at the $0.0000196 support level by the bears during yesterday’s session has put the crypto price in a bearish trend in recent times. However, there is about to be a turnaround for the Lucky Block buy traders, as the coin has just begun its rising pattern and is set for the next bull trend.
Despite the slight bearish trend, the LBLOCKUSD price increases to a $0.0000213 high level below the moving average as the daily chart opens today. This suggests a pullback and indicates that the crypto price is set for the next bull trend.
Meanwhile, the market price of Lucky Block is in the oversold region of the stochastic, this means that the selling pressure has reached exhaustion. Hence, the expected upside move in the price could reach the high at $0.0000745, which may extend to $0.0001200 high value in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The LBLOCKUSD is set for the next bull trend while correcting to resume its bullishness soon. The currency pair is trading below the moving averages, indicating a bearish market sentiment in its medium term.
The market price has been slowed down recently, due to the interaction from the bears’ long candle to the $0.0000196 in the previous action.
The bulls’ advance to a $0.0000213 high value below the supply levels just after the 4-hourly session opens today confirms long traders’ resumption to the market and suggests that the price is set for the next bull trend.
Thus, the cost of Lucky Block is expected to rise further if bulls can increase their efforts and push above the $0.0000329 previous supply level.
However, the bulls are set for the next bull trend to take the pair to a psychologically key level in the upside soon as the day goes by in its medium-term outlook as indicated by the daily stochastic pointing upwards. The $0.0001200 supply level might be the target.
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