Lucky Block Price Prediction – June 28
The LBLOCKUSD price can push higher and rally above a $0.0001099 high level soon if the bulls add more energy to the price action in the market. The coin price could soar higher to retest the previous high level at $0.0001099 and extend to a $0.0001200 upper high level, increasing buyers’ interest in the crypto.
Key Levels:
Resistance levels: $0.0000400, $0.0000500, $0.0000600
Support levels: $0.0000200, $0.0000100, $0.000000900
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The market value of LBLOCKUSD could rally above the previous high level any moment from now as the selling pressure seems to have been exhausted in its long-term outlook. The coin price is below the moving average line indicating a bearish trend.
The high order flow from the bears to a $0.0000152 low mark during yesterday’s session also added to the bearishness in its recent low price. However, the bulls are now in the market to turn around the trend and rally above the resistance level as the selling pressure is unlikely.
Today, activities from the short traders dropped the Lucky Block price to a $0.0000146 low point below the resistance levels as the daily chart opens. Thus, buyers are advised to buy the coin at this trend level and be sure of more gains in the future.
Meanwhile, if the bulls change their orientation and increase their buying forces, the crypto may reverse at $0.000146 to breach the $0.0001066 barrier and rally to the upper channel to attract more investors.
Therefore, buyers need to add more strength to their activities in the market to rally up to a significant level.
Thus, the LBLOCKUSD price may likely encounter a reversal at the $0.000146 support level and rally above the resistance level as indicated by the momentum indicator pointing up at the oversold region at around level 19%. Therefore the bulls are expected to take us high and rally above the $0.0001099 resistance level to reach the $0.0001200 high level in the days ahead in its long-term view.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The coin price still trades in a bearish market in its medium-term perspective. However, the coin price is poised to rally above the previous resistance level, as the trend has just resumed its rising pattern but has not yet reached its goal.
Sellers acted bravely during yesterday’s session by dumping the price of Lucky Block to a $0.0000152 low value below the moving averages, this has contributed to its bearishness in its recent high.
Shortly after the opening of the 4-hourly chart today, the bulls’ made a pullback and pushed the price of LBLOCKUSD to a high at the $0.0000161 supply level below the moving averages to resume the bullish rally.
Moreover, these new moves will strengthen the price recovery to rally above the $0.0000340 high level to bring more buyers to the crypto market.
Hence, if the buy traders could push harder and successfully keep the Lucky Block prices above the $0.0000340 high level, the coin price might rally above the $0.0001200 resistance level in the near days in its medium-term perspective.
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