Lucky Block Price Prediction – October 13
There is a possibility for the LBLOCKUSD price’s next recovery to surpass its previous high of $0.0002197 high value soon as the coin is now trading at the oversold region. Hence, if the forces from buyers in the market should increase and the current support level at $0.0000300 holds, the coin price’s next recovery target may be the $0.0002197 previous high and beyond.
Levels:
Resistance levels: $0.0001900, $0.0002000, $0.0002100
Support levels: $0.0000800, $0.0000700, $0.0000600
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD indicates a downward trend with a bearish sentiment in its higher time frame. This is due to the commitment from the sell traders. The trend is about to change and the next recovery price may surpass the resistance trend levels. 
The sustained bearish pressure at $0.0000285 during yesterday’s session has made the crypto’s price stay below the supply trend line in its recent low.
Today’s price drop to a $0.0000300 low value below the EMA-50 is due to a low bullish momentum. Traders might seize this opportunity to invest in the coin now for future gains.
However, should the buy traders put in additional effort and turn the coin market to the positive side, the price’s next recovery might reach and surpass a key significant level of the $0.0002197 supply trend line.
Further, the Lucky Block price is about to experience a bullish trend pattern as the market is below the 20% range of the daily stochastic. So the price could be ready very soon for another jump. In this case, the next recovery rally may surpass the $0.0002197 resistance level and beyond in the coming days in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The price of LBLOCKUSD is in a bearish move in its medium-term outlook. The prices are seen slightly below the moving average. Meanwhile, the market is oversold and the bulls may resume the new trend soon and the next price recovery may surpass the previous high level. 
The coin has been interfering with the sell traders in the previous action and has dropped the price below the supply levels in its recent low.
Today’s 4-hour chart at the $0.0000282 supply trend line slightly beneath the EMA-50 shows there is a high selling pressure in the currency pair. Thus, a bullish reversal is near as the bulls are set to turn the price of LBLOCKUSD to the upside soon.
This bullish reversal pattern could assist the coin buyers in challenging the $0.0001047 neckline and put a hold on further decline.
In addition, further downside is unlikely as the market price now trades in the oversold region; this means that additional selling power will be prevented. If this is achieved by the bulls, the coin price’s next recovery may surpass the previous high of $0.0002197 level which may possibly extend to the $0.001000 high value in the near days in its medium-term outlook.
You can purchase Lucky Block here. Buy LBLOCK
Leave a Reply