Lucky Block Price Prediction- September 17
The Lucky Block price is currently wobbling in the retest phase, offering an entry opportunity for interest-buy traders. If the crypto’s price sustains above the $0.0007491 supply level, the potential upcoming rally could surge above $0.0007582 higher to hit a $0.02550 high level.
Resistance levels: $0.0008100, $0.0008200, $0.0008300
Support levels: $0.0006300, $0.0006200, $0.0006100
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
LBLOCK is showing a bearish sentiment in its long-term view. The coin will soon retrace from the support zone because it’s oversold already and this will likely send a clear buy signal in the next move.
The buy traders triggered the price up to a $0.0006774 supply level after which the sellers return and drove the price down to a $0.0006170 low level below the moving averages as the 1-hourly session opens today. Hence, there may like be a price reversal now at the mentioned support level. This suggests the recovery and more gains from the bulls.
If the bulls should increase their momentum, the price will definitely go higher above the key levels in the supply level.
Meanwhile, further downsides are unlikely as the market price of LBLOCKUSD is now below the 20% range of the daily stochastic. This means that the selling pressure will end soon. We can now expect the price to turn upside and the $0.02550 high level might be reached soon as the bulls look for more gains in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (30-Minute Chart)
The LBLOCKUSD pair is in a bearish market zone in the lower time frame. The price bars can be seen below the moving average as a result of low bullish momentum.
The bulls caused a rise to the $0.0006774 resistance value, after which the sell traders drove the price down to a low at the $0.0006168 level. The buyers could not relent anyway; as a result, price reversal at a $0.0006189 high level affirms the return of the bulls to the market to resume the uptrend.
In addition, the price of Lucky Block is now pointing up at the oversold region of the stochastic; this implies that the selling pressure has ended and the market is ready for a buy. This will definitely cause a further rise in the price of the crypto to break up the $0.01000 level while $0.02550 might be the target in the nearby days in its lower-time frame.
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