Lucky Block Price Prediction: LBlock Reaches an Oversold Region as Bulls Resume Upside Momentum

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Lucky Block Price Prediction – June 9

LBlock/USD bearish momentum has subsided as bulls resume upside momentum. The current decline was the result of further selling pressure on May 23 and 30. Today, LBlock price has fallen to the low of $0.001330 at the time of writing. The cryptocurrency is likely to revisit the previous low at $0.000 7863.

LBLOCK Price Statistics Data
LBLOCK price now – $0.001317
LBLOCK market cap – $53,435,569
LBLOCK circulating supply – 40.77B LBLOCK
LBLOCK total supply – $131,704,801
LBLOCK Coinmarketcap ranking – #3469

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) – Bulls Resume Upside Momentum

Presently, LBlock price has fallen to the oversold region of the market. On June 7, the coin declined to the low of $0.0001295 and held above the current support. The crypto resumed upward correction after retesting the current support twice. The upward move was short-lived as the crypto was repelled at the high of $0.001423.Today; LBlock has fallen to the previous low at $0.0001295. The LBlock is below the 20% range of the daily stochastic. The coin is said to be in the oversold region of the market. The selling pressure is likely to subside as the market reaches the oversold region.

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

LBlock/USD has fallen to the low of $0.001323 as bulls resume upside momentum. As the market reaches the oversold region, buyers are likely to emerge to push prices upward. The altcoin is 25% range of the daily stochastic. The market is in bullish momentum as buyers emerge in the oversold region.