Lucky Block Price Prediction – June 29
The LBLOCKUSD pair is on its way to the resistance trend lines as the coin market continues its upward rally. Should the bulls regroup and push higher, a further bullish breakout from the $0.0001017 value will accelerate the new correction phase. This genuine breakout scenario is likely to stimulate increased buying interest and kick-start a new recovery rally to hit the $0.0003429 previous high which might extend to the $0.02000 upper resistance level and beyond.
Key Levels:
Resistance levels: $0.0001300, $0.0001400, $0.0001500
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Lucky Block portrays a bearish market trend in its long-term outlook. The price responded to the shift in the market structure and is currently below the moving averages. Meanwhile, it also shows the impeding next big move in the price.
The sustained pressure from the bears at the $0.0000960 support level on June 25th has contributed to its bearishness in recent times.
Today, the price of LBLOCKUSD was able to pull back and is taking the $0.0001186 resistance near the EMA-9. More upsides are possible if it breaches the moving averages.
The potential recovery could surge the coin price to retest the previous peak at the the$0.0003429 value which would bolster further recovery pattern.
In addition, the daily stochastic indicates an upward trend, this means that the buy investors may likely continue with the bull run and the target might be the $0.02000 resistance level in the coming days in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The LBLOCKUSD pair showed a bullish momentum in its medium-term outlook. The price bar can be seen trading slightly above the EMA-9, indicating an uptrend.
The bulls’ pressure on the currency pair in the past few hours has made it possible for the price to remain in an upward trend zone in its recent high.
A rise to a $0.0001017 high level by the bulls shortly after the 4-hourly chart 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.
If the price sustains above the $0.0001467 supply level, we can expect a good upside move up to its previous swing high of $0.0001900, and then we can buy there as well.
In a like manner, the momentum indicator which is pointing up in the oversold region also indicates that the price action of LBLOCKUSD will remain on the upside and a $0.02000 high level might be the target in the days ahead in its medium-term perspective.
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