Lucky Block Price Prediction- September 22
LBLOCKUSD is about to resume its bullish race. The cryptocurrency is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the price may likely reverse and turn positive to reach the $0.02000 high level and beyond.
Levels:
Resistance levels: $0.0005800, $0.0005900, $0.0006000
Support levels: $0.0005300, $0.0005200, $0.0005100
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
The Lucky Block pair is showing a bearish display in its long-term perspective. The price is trading below the moving averages.
The bulls made it to a high at the $0.0005684 level after which the sell traders intervened and smashed the price down to a low at the $0.0005280 level shortly after today’s 1-hourly session opened.
Thus, the price could still jump and break up the immediate resistance at the $0.0005401 level. The breached resistance could offer suitable supply and lead the costs to an overhead trend line.
Further, the market price of LBLOCKUSD is pointing upward in the oversold region of the stochastic, this means that the selling pressure has reached exhaustion, and the expected upside move in the price could be high at $0.2000 swing high in the coming days in its long-term outlook.
LBLOCKUSD Short-term Trend: Bullish (15-Minute Chart)
The crypto is now showing a bullish posture in its 15-minutes time frame. The bulls could not relent anyway, so, the price movement after dropping to a $0.0005280 low level shortly after today’s 15-minute session opening, the price of LBLOCKUSD jumped up to a $0.0005330 high level above the EMA-9 but below the EMA-50
However, the bulls are now set to take the pair to a psychologically key level in the upside soon as the day goes by in its lower time frame as indicated by the daily stochastic pointing upwards. $0.2000 supply level might be the target.
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