Lucky Block Price Prediction – October 2
LBLOCKUSD price is gathering momentum to initiate another uptick as we can spot a bullish reversal price action on the chart at the moment. If the forces from buyers in the market should increase and sustain the coin prices above the $0.00002999 supply value, the buying pressure may likely plunge the price to the $0.001000 supply level trend line and beyond.
Levels:
Resistance levels: $0.00002000, $0.00002100, $0.00002200
Support levels: $0.0000900, $0.0000800, $0.0000700
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD‘s price is in a bearish trend market zone in its long-term outlook. This is due to the high demand from the sell traders. Nevertheless, the coin buyers are set to initiate another uptick as a new correction can be seen below the supply level.
The sustained pressure from the bears at the $0.00002585 support level in the previous action has contributed to its bearishness in its recent low.
Today, the price of Lucky Block seems to have a pullback. As a result of price rejection at this level, there was an immediate reversal.
Buyers pushed the price higher to the $0.00002893 resistance level below the EMAs as the daily chart resumed. This implies a gradual weakness in the strength of the sell traders while buyers are becoming more active. Further, investors may seize the opportunity now and buy the coin at a lower price, and look for more gains ahead.
Meanwhile, further downsides are unlikely as the market price of LBLOCKUSD is pointing upwards on the daily stochastic. The coin will resume its uptick move soon, so we can now grow in confidence that a potential buy is coming near. In this case, the $0.001000 upper resistance mark might be the target in the crypto’s higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
Despite the interference of short-term traders in the price flow, the medium-term time frame market shows a bullish race. The price of LBLOCKUSD can now be seen progressing upward above the EMA-9, breaking its previous high. 
Buyers are now set to initiate the uptick move as prices are seen above the trend level. This shows that buyers are gaining more strength in the market.
The buy traders’ pressure on the coin to the $0.00002977 supply value in the past session has really enabled the bulls to sustain the upward rally in recent times.
The momentum continues today as the bulls made a consistent move to a high at the $0.00002893 mark above the EMA-9 as the 4-hour chart opens today. This shows the high impact of the buy investors on the Lucky Block market; likewise, the downside risk remained uncertain.
Hence, fresh entries by the buy traders toward the higher side are likely as indicated by the momentum indicator pointing up, the bulls could therefore aim at the psychological level at the $0.001000 value in the upper resistance area in the days ahead in its medium-term perspective.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply