Lucky Block Price Prediction: LBlock Makes Positive Moves, Battles $0.001120 High

Lucky Block Price Prediction – June 24
LBlock is in a downtrend as the cryptocurrency battles $0.001120 high. The coin has risen to a level of $0.001120. The breaking of the recent high will determine the recovery of the coin.

LBLOCK Price Statistics Data
LBLOCK price now – $0.001087
LBLOCK market cap – $44,264,611
LBLOCK circulating supply – 40.77B LBLOCK
LBLOCK total supply – $108,735,273
LBLOCK Coinmarketcap ranking – #4549

Key Levels:
Resistance levels: $0.0016, $0.0018, $0.0020
Support levels: $0.0014, $0.0012, $0.0010

LBLOCK/USD Medium-term Trend: Bearish (1-hour chart) – Battles $0.001120 High

On June 23, LBlock/USD made an upward move as the coin reached the high of $0.001120. The bulls retested the recent high twice before the recent breakdown. The cryptocurrency face stiff resistance at the recent high and plunged below the 21-day line SMA. Immediately, the bulls bought the dips and pulled prices above the moving average. The second uptrend was short-lived as the bears pushed the coin below the 21-day line SMA. LBlock price is now between the 21-day line SMA and the 50-day line SMA. The coin is likely to be range-bound between the moving averages. The uptrend will resume if price breaks above the 21-day line SMA. The selling pressure will resume if price breaks below the 50-day line SMA.

LBLOCK/USD Medium-term Trend: Bearish (15-Minute Chart)

LBlock price has broken above the moving averages as it battles $0.001120 high. The cryptocurrency has fallen to the oversold region of the market. Therefore, the selling pressure is likely to subside as buyers emerged in the oversold region.