Lucky Block Price Prediction – June 9
The Lucky Block (LBLOCKUSD) price is likely to grow more and an opportunity for the coin buyers. Having completed the downward correction, the cryptocurrency might likely continue its upside move if the current support at $0.0001017 value holds, and the long-term chart closes above the $0.0002890 resistance level, then there is a high probability of the price going up to its recent swing high, which is $0.0003429 resistance trend line which could further expose the coin price to the $0.01000 upper resistance value.
Levels:
Resistance levels: $0.0002100, $0.0002200, $0.0002300
Support levels: $0.0001000, $0.0000900, $0.0000800
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
Despite the interference from the sellers, the LBLOCKUSD price remains in a bullish trend in its long-term outlook. The bulls are really trying not to fall this time around. Further, the coin prices are traded above the EMA-9, this confirms a bullish trend.
The bullish reversal at the $0.0001210 high value in the past few days has sustained the cryptocurrency above the supply trend lines in its recent high.
As a result of price rejection in the previous action, buyers has been able to push the price of Lucky Block higher to a $0.0001062 high level above the supply trend levels as the daily session opens today.
Actions from buyers have also increased the coin further up to the $0.0001300 resistance value as it journeys up north. More gains are possible if the bulls can put extra efforts in the price action.
Next, the momentum indicator pointing upwards suggests the continuation of the bullish trend. The price might possibly reach the high at the $0.01000 upper resistance value in the days to come in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The coin is also displaying a bullish posture in its medium-term outlook. This is due to the high inflow from the long traders. Price is trading above the supply trend lines again. This however confirms the presence of more bulls’ impact on the coin.
The sustained bullish pressure pushed the currency pair up to the $0.0001290 supply level during yesterday’s session and sustained it till its recent high.
The market price of LBLOCKUSD has just broken up the two EMAs at the $0.0001149 supply level as the 4-hourly chart opens today. This will give the crypto a high tendency to rise further.
Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $0.0001900 previous high, the resulting rally may surpass the $0.0002300 level and hit the $0.01000 psychological level at the upside in the days ahead in its medium-term perspective.
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