Lucky Block Price Prediction – October 15
LBLOCKUSD price could see another uphill trend as the selling momentum is about to subside. The coin market is in the oversold region; therefore the crypto price is on the verge of reversal to the upside at the $0.0000209 current support to kick-start the next leap. If buyers could change their orientation and increase their buying activities, the crypto price might turn positive to reach the $0.0000450 barrier level and extend to the $0.0001200 upper resistance level, as investors anticipate renewed recovery to kick start, amid the upcoming market correction.
Levels:
Resistance levels: $0.0000230, $0.0000240, $0.0000250
Support levels: $0.0000160, $0.0000150, $0.0000140
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD price could see another uphill trend soon as the selling pressure is about to end in its higher time frame. The overall outlook is bearish as the price keeps forming lower low below the moving average line, suggesting a bearish trend. 
The sustained bearish pressure to a $0.0000210 support level in the past action has made the cryptocurrency price remain below the supply trend levels in its recent low. Meanwhile, the crypto price could see another uphill trend sooner as the market is oversold already.
Today, the bears made a drop to a $0.0000209 support level below the moving averages as the daily session resumed. Given the current trend, buyers can purchase the coin at a lower cost and push the market higher.
Hence, if the bulls increase their confidence in the Lucky Block investment, the coin market trend could see another uphill trend by reversing from the $0.0000209 current support mark and hitting the $0.0000450 resistance barrier, attracting big players to drive the coin price higher.
Meanwhile, further downsides are unlikely as the market price of LBLOCKUSD suggests the pair is oversold on the daily signal. Therefore, we can grow in confidence that the price could see another uptrend soon and a potential buy is coming near.
In light of this, the price may reverse and face the upsides to break up the $0.0000450 supply level soon which could further extend to the $0.0001200 upper high level in the coming days as the coin price awaits another uphill trend soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The medium-term outlook suggests the LBLOCKUSD price could see another uphill trend soon as it trades lower, indicating a bearish trend due to the high impact of the short-term traders in the price flow. The sustained bearish pressure to a $0.0000211 low level in the previous session also contributed to its bearishness in its recent low. 
The price of Lucky Block at the $0.0000209 low value below the EMA-50 as the 4-hourly chart opens today is a result of low bullish momentum. Thus, traders who buy the coin during the bearish market will also make gains in the future.
The pair is trading close to the oversold region of the daily stochastic, indicating that the LBLOCKUSD selling pressure is about to subside, and the price could see another uphill trend soon.
We will now be looking into the emergence of more buyers in the oversold region of the market to move the price up, and the crossover could encourage the breakout rally to hit the $0.0001200 supply level in the days ahead in its medium-term time frame.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply