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Lucky Block Price Prediction: LBLOCKUSD May Breakup the $0.0003429 Resistance Level

Johnathon Fox
09/15/2023 | UPDATED ON: 09/15/2023

Lucky Block Price Prediction – September 15
LBLOCKUSD has been in a downtrend for a while and may likely break up the mentioned supply level as it is about to resume its bullish race. Crypto is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the price may likely turn positive to reach the $0.001000 high level and beyond.

Levels:
Resistance levels: $0.0002000, $0.0002100, $0.0002200
Support levels: $0.0000900, $0.0000800, $0.0000700
Lucky Block Price Prediction: LBLOCKUSD May Breakup the $0.0003429 Resistance Level
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD trend is bearish in its long-term perspective. The coin price has been printing lower low for a while now. This is due to the high inflows of the sell traders in the previous session. However, the crypto can break up the resistance level soon as we are seeing a new bullish correction in place.

Earlier today, the bulls’ action increased the price of Lucky Block up to the $0.0000924 high mark below the moving averages even as the daily session opens today. This signifies the start of a new recovery era in the crypto market and may break up above the resistance zone.

Meanwhile, the current price at a $0.0000924 high value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.

The Stochastic is also showing the market is already oversold. This means that the selling pressure has ended. This will compel the bulls to resume the bullish trend, and this may break the $0.0003429 resistance level soon in its long-term outlook.

LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
LBLOCKUSD is trading in a bearish market at the moment in its medium-term time frame. From the chart below, the price can be seen below the EMAs, which means that it’s in a bearish market zone at the moment.
Lucky Block Price Prediction: LBLOCKUSD May Breakup the $0.0003429 Resistance Level
However, there is about to be a turnaround for the coin buyers as the crypto has just resumed its rising pattern and may break up the resistance zone sooner.

The sustained bearish pressure in the past few hours at the $0.0000916 support value has made the crypto price remain below the supply trend levels in its recent low.

The price of Lucky Block at the time of writing has been able to ride up to a $0.0000922 high level as the 4-hourly chart opens today. However, trading below the supply level could be a warning sign for the bulls.

Therefore, if the bulls should redouble their efforts in the market, more upsides will be achieved and this may break the previous resistance at $0.0001602 value, which would be a better confirmation of a bullish recovery.

Additionally, with the daily stochastic alerts of more jumps ahead with an oversold market structure, we expect the price of LBLOCKUSD to move upside down in a short while to a $0.0003429 supply level and beyond in its medium-term outlook.

You can purchase Lucky Block here. Buy LBLOCK

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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