Lucky Block Price Prediction – May 10
Lucky Block price threatens the next jump as the coin is on its way to the upside at the moment. The coin having decided to face the positive side may possibly reach a high level of $0.02000 if the buy traders should increase their forces in the market.
Key Levels:
Resistance levels: $0.0002300, $0.0002400, $0.0002500
Support levels: $0.0001500, $0.0001400, $0.0001300
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The market value of LBLOCKUSD is in a bearish trend in its long-term outlook. The price bars can be seen slightly below the moving averages. This is due to the high inflow from the sell traders. However, there is about to be a turnaround for the LBLOCKUSD buy traders.
The bears’ pressure on the crypto at the $0.0001533 low value in the past few hours has dropped the price below the supply trend lines in its recent price level.
The bulls are trying hard not to fall again as the market value of the coin now retraced from the mentioned support value to $0.0001634 and further rises to the $0.0001609 high value shortly after the commencement of the 4-hourly session today. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
Meanwhile, the price of Lucky Block which is pointing up on the daily signal implies that the price is still going up, in light of this, the bullish trend pattern might push the coin price further up to retest the previous high of $0.0002681 resistance level which could further extend to the $0.02000 upper high level in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (1H Chart)
The currency pair is now trading above the EMA-9 in its medium-term perspective, an indication of bullish market sentiment. Thus the LBLOCKUSD is making a correction and will soon reach the upper resistance level soon.
A rise to a $0.0001605 high level by the bulls shortly after the 1-hourly session opens today affirms the returns of the long traders into the market. Thus, the price of Lucky Block is set to advance further if the bulls can redouble their efforts and push above the current supply level.
Hence, the stochastic oscillator which is also pointing up means that the price action is in an uptrend and may likely remain in the same direction. We can certainly expect the coin price to retest the $0.0001982 supply level which might possibly increase to a $0.020000 upper supply level in the coming days in its medium-term time frame.
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