Lucky Block Price Prediction- October 7
It is high time for the LBLOCKUSD price to experience a shift in trend. The coin may possibly increase to the positive side should the buy investors add more tension to their activities and the resistance level rises above the $0.0005003 value, continuation to the upside is ensured.
Key Levels:
Resistance levels: $0.0004500, $0.0004600, $0.0004700
Support levels: $0.0003300, $0.0003200, $0.0003100
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
Lucky Block is bearish in its long-term outlook. The inflow from the bears actually made the trend go down below the moving averages. Thus, the price will bounce up again soon as the market is oversold already.
The currency pair opened low at $0.0002297 value but managed to pull back at the $0.0002210 supply level at the present. Therefore, if this bullish reversal pattern could retest the $0.0007163 trend line, a great entry opportunity will be achieved by the buy traders.
The pullback at the $0.000210 resistance level suggests the returns of the buy traders in the market. Traders are advised to use the opportunity to invest in the coin and make more gains.
Furthermore, the market price of LBLOCKUSD is now in the oversold region. It means that the selling pressure has reached exhaustion. The upcoming rally may likely turn up to the $0.04000 supply mark soon in the higher time frame.
LBLOCKUSD Short-term Trend: Bullish (15-Minute Chart)
LBLOCKUSD is now facing the positive side in its lower time frame. The prices are seen above the EMA-9, which indicates an uptrend and a bullish sentiment.
The market price of LBLOCKUSD which increases to a $0.0002253 high level above the EMA-9 suggests an uptrend in the context of the strength of the market. Closing the 1-hourly session above $0.002500 will put the trade more on the buy side.
Meanwhile, the pair is pointing up on the daily stochastic, this means that the buying pressure may continue, and suggests a possible recovery of the $0.04000 supply level in the coming days in the lower time frame.
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