Lucky Block Price Prediction- October 14
Lucky Block is about to face a strong rejection near the critical $0.0001854 low level as the market reaches the oversold region. A good close above the $0.002520 resistance value would bring in more gains and a turnaround for the crypto buyers.
Levels:
Resistance levels: $0.002300, $0.002400, $0.002500
Support levels: $0.0001800, $0.0001700, $0.0001600
LBLOCKUSD Long-term Trend: Bearish (1H 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 down the previous low at the $0.0001962 level.
The cryptocurrency at the time of writing has been able to ride up to a $0.0001944 supply level as the 1-hourly chart opens today, the bulls lost the trend as the bears moved and dropped the price to a low at $0.0001854 value.
Thus, trading below a $0.0001962 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 (15-Minutes 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 $0.0001883 supply level is approaching the retest of the $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 points upward, indicating an uptrend. The next move towards $0.2500 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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