Lucky Block Price Prediction – June 27
LBLOCKUSD at the moment is preparing for the next jump. The selling pressure has ended and the coin price could be ready for an upward movement soon. If the buy investors could prove stronger up the more and the price shows sustainability above the $0.0002890 resistance value, its upsides should extend further to retest its previous high of $0.0003429 value. Then we can expect a shift in trend to reach a $0.1000 upper resistance level.
Levels:
Resistance levels: $0.0001700, $0.0001800, $0.0001900
Support levels: $0.0001600, $0.0001500, $0.0001400
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD price seems to have pullback a little but the overall trend is still bearish in its long-term outlook. Further, the price is trading below the two EMAs; it means that it’s in a bearish market zone at the moment.
The sustained bearish pressure during yesterday’s session has made the cryptocurrency price remain below the supply trend levels at its recent low.
A rise to a $ 0.0001171 high level below the two EMAs by the bulls as a pullback shortly after the daily chart 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.
Such lower price rejection indicates that buyers are defending this level and attempting to push the price higher. Hence, a strong push above the $0.0003429 supply level will offer strong resistance to the crypto price.
Meanwhile, further downsides are unlikely as the market price of LBLOCKUSD suggests an uptrend on the daily signal. Therefore, we can now grow in confidence that a potential buy is coming near.
In light of this, the price jump could hit the the$0.01000 resistance level in the coming days, indicating a strong supply zone for a potential BUY in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The coin also trades in a bearish trend market in the medium-term outlook. This is due to the high impact of the short-term traders on the price flow. 
The sell traders made a downward move to the $0.0000975 support level before the end of yesterday’s session. This gave sellers more strength to drop the price of Lucky Block below the supply trend lines in recent times.
The market price of LBLOCKUSD which increases to a $0.0001010 high level below the two moving averages as the 4-hourly session opens today suggests the return of the bulls to the market and an improved bullish market sentiment. Thus, closing the 4-hourly session above the $0.0001900 supply level will put the trade more on the buy side.
The pair is pointing upwards at around the 17% range of the daily stochastic. It indicates that the Lucky Block price is now in the oversold region of the market. It implies that the selling pressure has ended. We will now be looking into the emergence of more buyers in the oversold region of the market.
This crossover could encourage the breakout rally to hit the the$0.01000 supply level in the days ahead in its medium-term time frame.
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