Lucky Block Price Prediction – May 14
LBLOCKUSD selling pressure has ended. The coin price is set to rise again to face the positive side as usual. Therefore; to put the cryptocurrency in a bullish trend, a significant push from the current price at the $0.0000311 supply value above the $0.0000945 high mark is therefore necessary. This could further break up the $0.0001099 resistance level, which could extend the price to a $0.0001200 upper resistance level, giving buy traders an intraday gain.
Key Levels:
Resistance levels: $0.0000500, $0.0000550, $0.0000600
Support levels: $0.0000300, $0.0000200, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The market value of LBLOCKUSD can be seen in a bearish scenario getting set for the price to rise again in its long-term outlook. The coin price is below the moving average, indicating a bearish trend. This is due to the interference from the sell traders.
The price drop to the $0.0000280 low value during yesterday’s trading session has made the coin price trade below the supply levels in its recent price level. This will soon be invalidated as the coin market price is now set to rise again.
The price made a pullback to a $0.0000311 resistance level below the moving average as the daily chart begins today. This is an indication that the bulls are returning gradually for the Lucky Block price to rise again and to command the price actions. However, with this trend, traders may buy the coin at a low price and move the market higher.
Thus, a further rise is possible if the bulls should add more strength to their price action in the market. The $0.0001099 previous high mark could be retested shortly.
Hence, the Lucky Block price which is set to rise again may bring the emergence of more buyers as indicated by the stochastic signal pointing up, this will accelerate the emergence of the bulls to move the price up to a $0.0001200 significant level as we watch the market rise again and turns bullish in the upcoming days in the higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The Lucky Block price is also in a bearish race getting set to rise again in its medium-term outlook. The price is below the supply trend lines, attempting the resistance level, which indicates a bearish trend. 
The bearish pressure on the crypto market at the $0.0000280 support value below the moving averages in the previous action has retained the coin price in the bearish trend lately. However, the crypto is set to rise again as we can see a new bullish correction below the trend level.
The market price of LBLOCKUSD is currently trading at the resistance level of $0.0000311; this assures or confirms the bull’s return to the market. This will enable the buy traders to influence the price tendency.
Anyhow if the buying pressure sustains, the price may hit the $0.0000398 previous resistance value as the market price sets to rise again. Meanwhile, traders may use this opportunity to buy the coin at the current trend at a lower rate for future gains.
Meanwhile, the signal of the stochastic oscillator points up in the oversold region. It suggests that the selling pressure has ended. Buyers are expected to continue the rally up to a significant level and the target might be the $0.0001200 supply level in the days ahead in its medium-term time frame.
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