Analytics

Lucky Block Price Prediction: LBLOCKUSD Price May likely Retest $0.001100 Resistance Level Soon

Lucky Block Price Prediction- June 27
Lucky Block price is well on its way to the upper resistance area. Should the bulls increase their momentum, the resistance level of $0.001100 resistance level may be retested and this may increase the market value to $0.001056 and beyond.

Key Levels:
Resistance levels: $0.001030, $0.001131, $0.001431
Support levels: $0.001006, $0.000906, $0.000806

LBLOCKUSD Long-term Trend: Bearish (4H Chart)
LBlockUSD is in a bearish trend zone on the higher time frame. Price at the $0.001023 resistance level which is below the moving averages as the 4-hourly chart opens today indicates that the bulls are coming into the market gradually to take over the market.

The price of the LBlock/USD may commence bullish movement soon if the support level of $0.001003 holds.

The momentum indicator shows that the selling pressure of LBLOCKUSD has reached bearish exhaustion as the market is oversold at around level 20%. It looks like the price will bounce up again.

Therefore there is the possibility of more upsides now, as we expect the price distribution to reverse and reach the $0.001100 significant level soon as it resumes its uptrend in the days ahead in its long-term view.

LBLOCKUSD Medium-term Trend (1H): Bullish 

The currency pair is trading in the bullish trend zone in its medium-term outlook. LBLOCKUSD market value at $0.001023 high level above the EMA-9 as the 1-hourly chart opens today affirms the presence of more bulls in the market.

In like manner, the momentum indicator pointing upward in the market at around 58% suggests that the bulls are set to take the price action up to a significant level. $0.001100 may be the target as we expect the traders to turn to the bullish market soon in the medium-term view.

   

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