Lucky Block Price Prediction- September 23
The breakup of the $0.0005284 resistance level will increase the Lucky Block price towards $0.008000 and beyond. If all the support level holds and the bulls should put more aggression into their activities, the correction may be extended to hit the price and may rally up to a $0.4000 high level.
Levels:
Resistance levels: $0.0006100, $0.0006200, $0.0006300
Support levels: $0.0005300, $0.0005200, $0.0005100
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The price bars of LBLOCKUSD are below the moving averages, this indicates that the pair is in a bearish market zone in its long-term perspective. This is due to the inflow from the short traders.
The bulls will not relent; this however gave the buyers the courage to push the price of the coin up to a $0.0005185 high level shortly after the commencement of the 1-hourly chart today.
Moreover, this price jump is quite above the current support level and could offer additional barriers against the sellers.
With this current trend, buyers can pick up the price at a cheaper rate and move the market further up. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
Thus, if the buyers eventually wrestled trend control from sellers and rebound from $0.0005123 support, a breakout above the trend line is needed to confirm the potential Bull Run.
Moreover, the daily stochastic is showing that the market price of Lucky Block is oversold, this will accelerate the bullish momentum and drive the coin price up and may possibly hit the $0.2000 supply zone in the coming days in its long-term outlook.
LBLOCKUSD Short-term Trend: Bullish (15-Minute Chart)
The bulls could not relent anyway, so, the price movement after dropping to a $0.0005087 low level shortly after today’s 1-hourly session opening, the price of LBLOCKUSD jumped up to a $0.0005134 high level.
Hence, the stochastic oscillator which is also pointing up means that the price action is in an uptrend. We can certainly expect the price of Lucky Block to increase to a $0.2000 supply level soon in its lower time frame.
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