Lucky Block Price Prediction- October 22
LBLOCKUSD having completed the dip lows is on the verge of reversal. Thus, an increase in the bulls’ action may break up the previous high at $0.0002210 which may extend towards the $0.200 upper supply trend line.
Key Levels:
Resistance levels: $0.002545, $0.002550, $0.002555
Support levels: $0.002043, $0.002033, $0.002023
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
Lucky Block portrays a bearish market trend in its long-term outlook. The price responded to the shift in the market structure and is currently below the moving averages.
The buyers made a ride to a $0.0002160 high level after which the bears interfered and dropped the coin price down to the $0.002126 support level even as the 1-hourly session opens today. Thus, buyers are encouraged to buy the coin now at a lower price for future gains ahead.
Hence, if buyers should trigger their actions and prices turn up from the mentioned support value, a possible breakout above $0.0002210 will offset the bearish theory.
More so, the crypto is trading in the oversold region, under the influence of this market level, the coin should rise steadily soon and break up the previous high at $0.0002350 level to reach the $0.200 resistance level soon as we watch the crypto market turns bullish in the long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (15-Minutes Chart)
LBLOCKUSD is displaying a bearish scenario on the 15-minutes chart, the short traders are now involved in the order flow.
The market value of Lucky Block USD at $0.0002121 can be seen below the two moving averages; therefore, if the bulls increase their tension in the market, the price tendency will rise above the key levels.
Meanwhile, there is a possibility of price reversal as the coin market has reached the selling exhaustion as indicated by the daily stochastic. This will compel the emergence of the buy investors to resume the bullish correction pattern. This upcoming price jump may likely grow to reach a $0.200 high mark in the days ahead in its lower time frame
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