Lucky Block Price Prediction – June 14
LBLOCKUSD may likely increase to the upside soon, as the coin price is currently setting the base for the next bull cycle. Thus, if all of the support levels hold and the bulls increase their aggression, the coin price may rise up to touch the $0.0000745 high level, which might extend to an upper resistance level of $0.0001200.
Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000250, $0.0000200, $0.0000150
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD is in a bearish market zone setting the base for the next bull cycle in its long-term perspective. The coin price is below the supply levels indicating a bearish trend. However, crypto is about to resume its bullish race as we can see the bulls setting the base for the next bull cycle.
The bears’ pressure on the coin at the $0.0000185 support level has dropped the coin price below the resistance levels, setting the base for the next bull cycle in its recent price level.
The bulls are trying hard not to fall again as the market value of Lucky Block jumped to a $0.0000203 high value below the EMA-50 shortly after the commencement of the daily session today.
With this current trend, buyers can purchase the crypto at a lower rate and move the market further. Therefore, if the bulls increase their tension in the market, the price tendency will move above the $0.0001099 crucial level, setting the potential for a higher recovery.
Meanwhile, the market price of Lucky Block pointing up in the oversold region of the stochastic, suggests that the selling pressure has reached exhaustion.
Thus, the expected upward momentum in the price could be high at $0.0001200, swing high in the coming days as it sets the base for the next bull cycle in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair sets the base for the next bull cycle in its medium-term outlook. The coin price is trading below the moving average, indicating a bearish market sentiment. Thus, the LBLOCKUSD is correcting and will resume its bullishness soon.
The sell traders made a downward move to the $0.0000190 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.
The bulls could not relent anyway, so, the price movement to a $0.0000203 high level shortly after today’s 4-hourly session opens, is an indication that the bulls are setting the base for the next bull cycle. Thus, traders who buy the coin during the bearish market will also make gains in the future.
With strong buying pressure and positive market sentiment, the crypto has the potential to continue its upbeat trend to hit the $0.0000398 high level and attract more investors.
However, the bulls are now set to take the pair to a psychologically key level on the upside soon as the day goes by in its medium-term time frame as indicated by the daily stochastic pointing upwards. The $0.0001200 supply level might be the target as the LBLOCKUSD sets the base for the next bull cycle.
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