Lucky Block Price Prediction- September 3
Lucky Block faces strong rejection near the critical $0.001260 level as it forms a support zone. A good close above the $0.002520 resistance value would bring in more gains.
Levels:
Resistance levels: $0.002000, $0.002100, $0.002200
Support levels: $0.001370, $0.001270, $0.001170
LBLOCKUSD Long-term Trend: Bearish (4H Chart)
The coin is in a bearish market zone in its long-term perspective. The price of Lucky Block is seen slightly below the two EMAs and has confirmed a bearish momentum breaking the previous low.
The cryptocurrency at the time of writing has been able to ride up to a $0.001579 supply level as the 4-hourly chart opens today. However, trading below a $0.001331 low 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.
Additionally, with the daily stochastic alerts of more jumps ahead with an oversold market structure, we expect the price of LBLOCKUSD to move upside in a short while to a $0.2500 supply level and beyond in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (1H Chart)
LBLOCKUSD is trading in a bearish market at the moment in its lower time frame. From the chart below, the price can be seen below the EMAs.
The market price at the $0.001375 supply level is approaching the retest of $0.002300 above the moving averages; this implies that the bulls are now preparing to take their stand in the market.
Thus, an upside recovery can be predicted as the coin currently trades in the oversold region of the market. The next move towards $0.002500 and beyond is expected of the bulls as the market turns bullish soon in its short-term perspective.
You can purchase Lucky Block here. Buy LBLOCK
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