Lucky Block Price Prediction – July 8
The LBLOCKUSD price can revisit the $0.0001099 high mark as the coin makes its way to the crucial supply level. The coin made a breakout at the $0.0000165 level, resulting in an intraday gain. Therefore, if the bulls could trigger their forces in the market, the price may likely surge higher to reach the $0.0001099 which may extend to a $0.0001200 upper resistance level, replenishing the recovery sentiment.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000200, $0.0000150, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block pair might revisit the previous high mark as it embarks on its up-north journey in the higher time frame. The price bars are below the moving averages, confirming its bearish momentum. This is due to the high inflow from the sell traders.
However, there is about to be a turnaround for the Lucky Block buy traders, as the crypto resumes its new correction phase to revisit the $0.0001099 barrier level soon.
The sustained bearish pressure at the $0.0000159 support value in the previous action has made the crypto price to drop below the supply levels in its recent price.
The buy traders corrected the $0.0000162 supply mark and further rose to a $0.0000165 high value to resume its next uptrend move as the daily chart resumes today.
The current price level, however, shows an intraday gain that may lead the LBLOCKUSD price to revisit the $0.0001099 previous high mark soon and attract more traders to invest in the crypto.
Meanwhile, with this current trend, buyers can pick up the asset at a lower rate and move the crypto market ahead of the current level. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
Meanwhile, the price of LBLOCKUSD is pointing up on the daily signal implying that the price is still going up and in this case, the price might revisit the $0.0001099 resistance level, if the buy traders could increase their efforts.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is trading below the moving averages, preparing to revisit the $0.0001099 high mark: an indication of a bearish market sentiment in its medium-term time frame. Thus the LBLOCKUSD is correcting and will resume its bullishness to revisit its previous high soon.
A rise to a $0.0000165 high level below the EMA-50 by the bulls shortly after the 4-hour 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, the coin price could increase in value to revisit the $0.0000269 previous barrier level, setting the potential for a higher recovery.
Hence, the stochastic oscillator pointing up means that the price action is in an uptrend. We can certainly expect the coin price to increase higher to revisit the $0.0001099 supply level soon in its medium-term view.
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