Lucky Block Price Prediction- May 30
The LBLOCKUSD price is set for the next upward rally. The coin may resume its upside moves soon. Based on the outlook, if the bulls could regain their strength and the resistance level rises above the $0.0001099 value, continuation to the upside is ensured and this may extend the coin price to reach the $0.0001200 upper resistance level, resulting in a potential recovery for the interested traders.
Key Levels:
Resistance levels: $0.0000550, $0.0000600, $0.0000650
Support levels: $0.0000200, $0.0000150, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Lucky Block price is set again for the next upward rally as we can see a new retracement below the supply levels on the daily chart. It looks like the price will want to begin its next upward rally and push us higher.
The cryptocurrency has completed its correction and is now set for the next upward rally. The bulls have decided to shift the trend up after a series of lows shortly after today’s daily chart opens.
The pullback at the $0.0000261 resistance level suggests the returns of the buy traders in the market. The market participants are responding to this pattern, and its breakout should offer a good entry opportunity.
Hence, if the bullish momentum is triggered, the price of LBLOCKUSD may likely increase to break up the $0.0001099 previous high value which could encourage more buyers to invest in the coin.
Also, the daily signal pointing upwards indicates that the Lucky Block price is set for the next rally and this might take the coin price to a high of $0.0001200 upper level in the days ahead.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The LBLOCKUSD price still trades in a bearish market in its medium-term perspective. Meanwhile, the coin price is set for the next upward rally as the bulls begin their new rising pattern below the supply levels.
The bears’ activities on the crypto at the $0.0000243 support level in the previous session have slowed down the price lately.
The bulls could not relent anyway, so, the price movement after dropping to a $0.0000258 low level shortly after today’s 4-hourly session opening, the price of LBLOCKUSD set for the next upward rally and jumped up to a $0.0000216 high level. This shows more bulls’ presence in the market.
If buyers should intensify their efforts, the price might retest the $0.0000398 supply level and this may extend to a $0.0001200 high mark in the days ahead in its medium-term view.
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