Lucky Block Price Prediction – June 8
The LBLOCKUSD price could see another uphill trend to retest the $0.0000745 previous high level soon. The coin price may likely retest the mentioned supply level as it is about to resume its bullish race. As a result, if the bulls can trigger their forces in the market, the coin price may increase further to retest the previous high of $0.0000745, potentially reaching the $0.0001200 upper resistance level and beyond, resulting in a long recovery and good investment opportunity for buyers.
Key Levels:
Resistance levels: $0.0000600, $0.0000700, $0.0000800
Support levels: $0.0000350, $0.0000300, $0.0000250
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD market is anticipating to retest the previous high level of $0.0000745 having resumed its bullish pattern in its long-term outlook as can be seen from the chart below.
The coin price is currently facing resistance below the moving average line, which confirms its bearishness. The sustained pressure from the bears at the $0.0000267 support level during yesterday’s session has contributed to its bearish momentum lately.
However, the coin price is set to retest the previous supply level soon as the bulls have just begun their rising pattern but have yet to reach their goals.
Today, the bulls made a corrective move to a $0.0000272 supply level below the moving averages., indicating buyers’ attempt to begin another upbeat trend. Given the current trend, buyers can purchase the coin at a lower cost and push the market higher. Thus, the price tendency will climb over the crucial levels if the bulls can raise their level of market tension.
Further, Lucky Block is likely going to soar higher to retest the previous high at $0.000745 as indicated by the daily signal which is pointing in an upward direction. This will compel the buy traders to resume an uptrend and may likely retest the $0.0000745 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The market price of Lucky Block has just resumed its rising pattern and may push higher to retest its previous high level soon in its medium-term outlook. The crypto market is in a bearish trend zone. It also indicates the impending next significant price shift.
The sell traders’ downward move to the $0.0000267 support level before the end of yesterday’s session also contributed to the coin’s bearishness at the moment.
The cryptocurrency has completed its slump and is now poised for an ascent. Shortly after the 4-hourly chart opened today, buy traders boosted LBLOCKUSD’s market price up to the $0.0000272 resistance level, which is below the EMA line.
Thus, with strong buying pressure and positive market sentiment, the crypto has the potential to retest the $0.0000329 resistance level and attract more investors. Because there is currently a bullish correction in place, the bulls will likely continue climbing.
Similar to how the daily stochastic is pointing upward on the daily signal; the LBLOCKUSD price is likely to continue moving north and this may drive the coin price to retest the $0.0000329 level and extend to a $0.0001200 upper resistance level in the day ahead in its medium-term time frame.
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