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Lucky Block Price Prediction: LBLOCKUSD Price May Breakup $0.0002655 Resistance Level

Johnathon Fox
10/12/2022 | UPDATED ON: 10/12/2022

Lucky Block Price Prediction- October 12
LBLOCKUSD will definitely sustain the bullish race once it breaks the previous candle at the $0.0002655 supply level; it is likely to go up toward the $0.03000 resistance level to invalidate any bearish thesis.

Key Levels:
Resistance levels: $0.0002500, $0.0002600, $0.0002700
Support levels: $0.0002000, $0.0001999, $0.001899

LBLOCKUSD Long-term Trend: Bearish (1H Chart)LBLOCKUSD Long-term Trend: Bearish (1H Chart)
LBLOCKUSD shows a bearish sentiment in its long-term outlook. The price bar at the resistance level is slightly below the two EMAs which are glued together.

The bulls’ action increases the price up to the $0.0002157 resistance level even as the 1-hourly chart opened today, after which the bears interfered and dropped the market value of the Yen down to $0.0002021, the support value.

Amidst the recent sell-off in the previous action, the bulls returned and swing the Lucky Block price up to the $0.0002049 mark, trying to replenish the bullish momentum. Thus if this bullish growth pattern is steady, an established uptrend will be achieved.

Additionally, as a result of an upward momentum shown by the price indicator, the bullish race might possibly retest the $0.03000 resistance level in the coming days in its long-term outlook.

LBLOCKUSD Medium-term Trend: Bearish (15-Minutes Chart)
On the lower time frame, the LBLOCKUSD price can be seen below the EMAs, which means that the price is in a bearish market region.
LBLOCKUSD Medium-term Trend: Bearish (15-Minutes Chart)Today’s 4-hour bullish engulfing candle at $0.007380 above the moving averages confirms the bulls’ dominance in the market.

Earlier today the buy investors pushed the price of Lucky Block up to the $0.0002060 supply mark above the moving averages shortly after the 15-minute chart opens, this confirms the bulls’ dominance in the market, but the short traders are now involved in the order flow.

Meanwhile, the bulls are seen clustered around the market as shown by the daily stochastic pointing upwards in the overbought region. It implies that the price of LBLOCKUSD will still rise further and in this case, it might reach the $0.03000 supply mark soon in the lower time frame.

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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