Lucky Block Price Prediction- October 10
LBLOCKUSD is actually down at the moment; while the crypto market is struggling with uncertainty, the coin buyers show their commitment with a bullish breakout from the descending channel. So, completing this pattern should bring a strong directional rally for coin holders and the recovery pattern could reach the $0.01000 high mark.
Resistance levels: $0.0005000, $0.0005100, $0.0005200
Support levels: $0.0002100, $0.0002000, $0.0001999
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The currency pair trades in the bearish move. The price is seen below the moving averages to show that the LBLOCKUSD market is in a bearish trend. Thus, a new trend pattern will show up as the price is now at the oversold region, meaning that the price will turn around soon.
An attempt was made by the bulls to move the price of Lucky Block up to the $0.0002331 resistance level even as the 1-hourly session opens today. The momentum was lost while the sell traders briefly returned the price to a low at $0.0001902 value below the two EMAs.
Responding to the activities in the market, the buy traders put a correction from the $0.0001968 level to the $0.0001996 supply mark. However, the price may invalidate the bearish thesis if the buyers could breach the overhead trend line. A break above $0.0002500 would intensify the buying pressure on the crypto.
More so, the daily stochastic pointing up in the oversold region, indicates that the selling pressure has ended. Buyers are expected to continue with the trend and in this case, the price might possibly retest the $0.01000 resistance trend line soon in its long-term perspective.
LBLOCKUSD Medium-term Trend: Bearish (15-Minute Chart)On the lower time frame, the Lucky Block price is bearish. The current price can be seen below the two EMAs, which means that the price is in a bearish market zone.
The crypto broke above the moving averages at a $0.0002424 high value during yesterday’s session which indicates a possible rise of the pair.
Today, the coin price touched the $0.0002271 supply mark after which the intervention from the sell traders now dropped the price down to a low of $0.0001939 level. Thus, the bulls had decided to dominate the market, now pullbacks at the $0.0001971 supply mark to manage a steady recovery of the coin market.
Next, the price of LBLOCKUSD will still go higher as the coin price now points upward at the oversold region, this implies that the buying race will soon commence and the new trend line could reach the $0.01000 trend line in its lower time.
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