Lucky Block Price Prediction- June 2
LBLOCKUSD at the moment is trying hard not to fall by resisting sellers; the coin may likely rise soon as it remains in an uptrend despite the short traders’ threats. In case the bulls prove more vital and exchange hands with the sell traders at the $0.0001142 support value, the coin price may increase further to retest the previous high of $0.0003429 level which may further extend to the $0.02000 upper supply trend level and beyond which indeed will be a turnaround for the coin holders.
Resistance levels: $0.0002600, $0.0002700, $0.0002800
Support levels: $0.0001800, $0.0001700, $0.0001600
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
Despite the moves from the short traders, the LBLOCKUSD pair remains in a bullish trend market in its long-term view. The coin price can be seen trading above the EMA-9, indicating an uptrend.
The bulls’ pressure on the currency pair in the past few days has made it possible for the price to remain in an upward trend zone in its recent price level.
Today, the bulls are trying hard to remain above the $0.0002300 supply mark, so there is a possibility for the coin price to pull back at the current support of $0.0001142 to invalidate the bearish theory.
However, long traders can join the market or invest in the crypto with the current trend and buy at a lower rate for more gains in the future. This will reflect an increase in the trend momentum.
Next, if the price on the daily chart closes above the $0.0002890 supply level, then there is a high probability of the price of Lucky Block going up to its recent hike of $0.0003429 high level soon which might possibly reach the $0.02000 upper resistance value in the forthcoming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
Lucky Block is possibly making its way up after hitting the $0.000142 level to overcome support to signal a pump-up.
It looks like the price will want to bounce up again in the long-term. The coin is trading above the EMA-50, approaching the EMA-9. However, the market is presently facing resistance at the recent high.
The crypto rebounded from the mentioned support with a pin bar hammer candle. This indicates a genuine reversal which may attempt the $0.0002300 breakout. Further, investors may seize the opportunity now and buy the coin at a lower price and look for more gains ahead.
Hence, the pair pointing up on the daily stochastic means that the buying pressure may continue, and suggests a possible recovery of the $0.02000 supply level in the coming days in the medium-term time frame.
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