Lucky Block Price Prediction- October 8
LBLOCKUSD is actually down at the moment; likewise, the coin is preparing to resume its upward rally as the market is oversold. Therefore the coin price would trigger up to the resistance trend line if the buy investors should push higher. The upcoming correction may hit the $0.0400 supply mark and beyond.
Levels:
Resistance levels: $0.0005000, $0.0005100, $0.0005200
Support levels: $0.0002300, $0.0002200, $0.0002100
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
LBLOCKUSD indicates a downward trend with a bearish sentiment in its long-term outlook.
The buy investors increased the price of Lucky Block up to the $0.0002355 resistance mark even as the 1-hourly session opens today. A break above $0.002500 would intensify the buying pressure on the crypto.
The momentum indicator also showed that the market price of Lucky Block is oversold. This means that the selling pressure is exhausted.
Buyers are expected to resume and continue with the upward trend and in this case, the price might
possibly retest the $0.0400 resistance value soon in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (15-Minute Chart)
On the lower time frame, the Lucky Block price can be seen below the two EMAs, which means that the price is in a bearish market zone.
Earlier today, the buyers made an increase to the $0.0002490 high mark to show how committed the bulls were in the market. Exhaustion set in as the short traders drove the price down to the $0.0002212 support value.
Thus, the correction value at the $0.0002225 resistance level at the present suggests the returns of the long traders into the market to stage a play.
Hence, the price of LBLOCKUSD will still go higher as the coin price now trades in the oversold region, this implies that the buying race will soon commence and the new trend line could reach the $0.0400 high mark in its lower time.
You can purchase Lucky Block here. Buy LBLOCK
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