Lucky Block Price Prediction- September 26
The market price of LBLOCKUSD may resume its upside moves soon. Based on the outlook, should the bulls push higher and close above the $0.0005188 mark, a bullish breakout confirmation will reflect the improved market sentiment. Thus, a post-retest rally may drive the prices high to hit the $0.0005284 resistance.
Key Levels:
Resistance levels: $0.0005400, $0.0005500, $0.0005600
Support levels: $0.0004200, $0.0004100, $0.0004000
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
LBLOCKUSD indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the two EMAs. However, the market is presently facing resistance at the recent high.
The bull run caused a rise in the price of Lucky Block to a high at the $0.0004414 level after which the sell traders returned the price to a low at the $0.0004258 support level.
The coin reacted to the market activities and currently trades in the green candles at the $0.0004318 correction mark. Doing so will offer a higher footing for buyers to prolong this recovery.
Hence, with the price pointing upwards on the daily stochastic means that further upside is certain. It is therefore expected that the buy investors will move the price action up and may likely hit the $0.004000 supply level soon in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (15-Minute Chart)
Lucky Block is possibly making its way up after hitting the $0.0004326 level to overcome resistance to signal a pump-up. It looks like the price will want to bounce up again in the medium term.
The market price of LBLOCKUSD which increased to a $0.0004326 high level suggests an improved bullish market sentiment. Thus, closing the 15-minute session above $0.0005000 will put the trade more on the buy side.
Next, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the $0.004000 resistance soon in its lower time frame.
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