Lucky Block Price Prediction- July 1
LBLOCKUSD is about to resume its bullish race. The crypto is ready for the next bull trend to attract more investors to the coin market. The coin is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the price may likely increase and touch the $0.0000745 previous barrier to extending to a $0.0001200 high level and beyond, providing buyers with an opportunity to recuperate bullish momentum.
Levels:
Resistance levels: $0.0000400, $0.0000500, $0.0000600
Support levels: $0.0000200, $0.0000150, $0.0000100
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
Amidst the market sell-off, the LBLOCKUSD pair is ready for the next bull trend in its long-term perspective. The price bars can be seen below the moving averages trying to resume their rising pattern: an indication that the trend is ready for the next bull trend.
The sustained bearish pressure on the crypto at the $0.0000155 low value during yesterday’s session has dropped the price below the supply level in its recent price level.
The bulls are trying hard not to fall again as the market value of the coin jumps to a $0.0000170 high value shortly after the commencement of the daily session today.
Hence, should the buying pressure persist, and the bulls close the hourly chart above the $0.0000745 previous high mark, the ongoing recovery could lead the market price of Lucky Block to remain stable at the upside and stop any further bearish moves.
Meanwhile, the market price of Lucky Block is in the oversold region of the stochastic, this means that the selling pressure has reached exhaustion, the next bull trend could be high at $0.0001200 swing high in the coming days as it prepares and is ready for the next bull trend in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The bulls could not relent anyway as the crypto is ready for the next bull trend in its medium-term outlook. The price bars can be seen below the moving averages. 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.
The price movement after dropping to a $0.0000168 low level shortly after today’s 4-hourly session opening, the price of LBLOCKUSD jumped up to a $0.0000168 high level, suggesting buyers are ready for the next uptrend.
However, the currency pair could grow further if the buy traders managed to break up the $0.0000340 previous high level, maintaining a further growth potential for the buy traders.
Additionally, the bulls are ready for the next uptrend as indicated by the daily stochastic, pointing upwards. Thus, the coin price may reach the $0.0001200 upper high mark as the day goes by in its medium-term outlook.
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