Lucky Block Price Prediction – October 14
LBLOCKUSD is now in an attempt for the next big bounce and a swift increase is expected to follow soon. Therefore, a bullish crossover above the $0.0002197 high mark will encourage the buy investors for a longer correction and this might reach a high at the $0.001000 upper supply trend line.
Key Levels:
Resistance levels: $0.0001200, $0.0001300, $0.0001400
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The LBLOCKUSD pair is trading in the bearish trend market in its long-term outlook. The price bar can be seen slightly below the moving average line attempting the next big bounce.
The interference of short-term traders to the $0.0000285 low level in the previous action has contributed to its bearish momentum in its recent price level.
We have also spotted a breakout and the start of a continuation to the upside. As of now, the coin price made a pullback at the $0.0000290 value which further increases to the $0.0000300 supply value below the EMA-50 as a correction phase with intraday gains.
Such lower price rejection indicates that buyers are defending at this level and attempting to push the price higher. Hence, a strong push above the $0.0002197 supply level will offer strong resistance to the Lucky Block price.
Notably, the Stochastic is also showing the market is already oversold. This means that the selling pressure has ended while attempting the next big bounce. This will compel the bulls to resume the bullish trend to retest the $0.0002197 supply level; the $0.001000 resistance level might be reached in the days to come in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
LBLOCKUSD rebounded after its downside moves. The coin is now finding its way to the overhead resistance level in its medium-term time frame. 
The market shows that the price is now attempting the next big bounce and the coin will soon be trading in a new ascending channel.
The sustained bearish pressure in the past few days at the $0.0000285 support value has made the crypto price remain below the supply trend levels in its recent low.
Despite the push from the short traders, the bulls made touch at the $0.0000300 high mark below the EMA-50 as the 4-hour chart resumes today. This suggests the return of the bulls attempting the next big bounce.
Thus, should the bulls change their orientation and push higher the price of Lucky Block may likely increase further to retest the $0.0000300 high mark.
In addition, further upsides are likely as the market is in an upward direction in the oversold region. This will compel more buyers to return to the market and resume the upward rally, in light of this, the bulls may likely push the Lucky Block price to revisit the $0.00001047 supply level and beyond soon in the medium-term time frame.
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