Lucky Block Price Prediction – May 25
The LBlock price is still trading in the bullish trend zone as it attempts to reclaim $0.002845. The coin has reached an overbought region of the market. The bottom line is that LBlock/USD will resume a fresh uptrend if it retraces and finds support above the moving averages. Otherwise, the downtrend will resume.
LBLOCK price now – $0.002368
LBLOCK market cap – $87,421,159
LBLOCK circulating supply – 37.23B LBLOCK
LBLOCK total supply – $236,821,592
LBLOCK Coinmarketcap ranking – #3406
Key Levels:
Resistance levels: $0.0016, $0.0018, $0.0020
Support levels: $0.0014, $0.0012, $0.0010
LBLOCK/USD Medium-term Trend: Ranging (1-hour chart) – It Attempts to Reclaim $0.002845
Following its rejection at the moving averages, the cryptocurrency has resumed a downward move to retest the previous low. On May 24, the altcoin retraced to the low of $0.002241 and rebounded above the 21-day line moving average. The bullish momentum fails to break above the 50-day line SMA, hence the current downward move. The coin is expected to find support above level $0.002241 and then resume a fresh uptrend. The LBlock price is below the 20% range of the daily Stochastic. It implies that the selling pressure is likely to subside as the market reaches the oversold region. Buyers are expected to emerge in the oversold region to push prices upward.
LBLOCK/USD Medium-term Trend: Bearish (15-Minute Chart)
LBlock/USD is in a sideways move as it attempts to reclaim $0.002845. The coin fell and found support above the level of $0.002337 and then resumed consolidation. Buyers are attempting to push the coin upward. Meanwhile, the coin has fallen deeply into the oversold region of the market. There is a possibility of upward movement of the coin.
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