Lucky Block Price Prediction: LBLOCKUSD Price Reversal at $0.0004333 Level

Lucky Block Price Prediction- September 29
Lucky Block price may likely reverse and face the positive side soon. This is so because the market is oversold already. If all the support level holds, the upward rally may possibly reach a high level at $0.02000 if the buy traders should increase their forces in the market.

Key Levels:
Resistance levels: $0.0005000, $0.0005100, $0.0005200
Support levels: $0.0004300, $0.0004200, $0.0004100
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
LBLOCKUSD is in a bearish market zone in its long-term perspective. As an outcome of low bullish momentum, the sellers are hindering the market from smashing through the resistance zones.

The bulls are trying hard not to fall again as the market value of the coin jumped to a $0.0004508 high value after which the sell traders dropped it down to the $0.0004333 support value shortly after the commencement of the 1-hourly session today. Thus, there is a possibility of a bullish crossover soon as the market is oversold already.

Now, if the price of Lucky Block on the hourly chart closes above the $0.0005300 supply trend line, then there is a high probability of the price going up to its previous swing high, which is the $0.0005198 mark.

The pair has fallen below the 20% range of the stochastic. It indicates that the team is now in the oversold region of the market meaning that the selling pressure is likely to run to an end. We will now be looking into buyers’ emergence in the market’s oversold region. In this case, the price of the coin may hit the $0.02000 supply level in the coming days in its long-term view.

LBLOCKUSD Short-term Trend: Bearish (15-Minute Chart)The currency pair is in a bearish market zone in the lower time frame. The bulls could not relent anyway, so, the price movement after dropping to a $0.0004315 low level shortly after today’s 15-minute session opening, the price of LBLOCKUSD jumped up to a $0.0004353 high level.

However, the price signal pointing up in the oversold region of the market indicates that the bulls are now set to take the pair up to a psychologically key level soon and it might likely reach the $0.02000 resistance value on the upside as the day goes by in its lower time frame.

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