Lucky Block Price Prediction – June 5
LBLOCKUSD price is very likely to rise and a breakout is imminent as we are seeing a bullish correction in place. The coin gave a bullish reversal from the $0.0000271 level, suggesting buyers are making a recovery attempt. Thus, if the crypto’s price could sustain above the $0.000745 high level, the potential rally could surge higher to hit the $0.0001200 high level and beyond.
Levels:
Resistance levels: $0.0000400, $0.0000500, $0.0000600
Support levels: $0.0000200, $0.0000150, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair is trading in the bearish trend market in its long-term outlook. The price bar can be seen below the moving average lines and has confirmed its bearishness. 
The interference of short-term traders to the $0.0000267 low level in the previous action has contributed to its bearish momentum.
Today, the bull run caused a rise in the price of Lucky Block to a high at $0.0000271 level below the moving averages. This current trend will enable the price to remain on the upside and rise or break to the upside. This however creates a strong area of interest for buyers. Thus, buyers must redouble their efforts to forecast a bullish increase in the market above the $0.0000745 high level.
Meanwhile, there is a possibility of a price breakout as the price of Lucky Block now points upward on the daily stochastic. This means that the buying pressure is about to commence, therefore, if the bulls should add more effort to their tension in the market, the bullish correction pattern could reach the $0.0001200 resistance mark in the long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The market price of LBLOCKUSD is currently trading in the bearish market zone. This is due to the interaction from the sell traders. The trend has just resumed its rising pattern, therefore a breakout is imminent.
The pressure from the bears at the $0.00268 low value in the previous session has dropped the Lucky Block price below the supply levels in its recent low. However, there is about to be a turnaround for the crypto as the bulls have just begun their rising pattern and a breakout is imminent.
The coin price at the $0.0000271 supply mark shortly after the 4-hourly chart opens today is a pullback by the bulls to invalidate any further bearish trend.
Hence, the bullish momentum might be triggered and the price of LBLOCKUSD may likely increase to break up the $0.0000329 previous high value soon if the current support remains unmoved and the bulls should speed up their activities in the market. The $0.0001200 upper high level might be the target in the days ahead in its medium-term.
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