Lucky Block Price Prediction: LBLOCKUSD Set for a New Upward Rally

Lucky Block Price Prediction- September 21
LBLOCKUSD may likely increase to the upside if all the support level holds and the bulls should put more aggression into their activities, the coin price may rally up to a $0.4000 high level.

Levels:
Resistance levels: $0.0006500, $0.0006600, $0.0006700
Support levels: $0.0005400, $0.0005300, $0.0005200
LBLOCKUSD Long-term Trend: Bullish (1H Chart)
LBLOCKUSD is in bullish market sentiment in its long-term perspective. This is due to the gradual inflow from the buy traders. The coin is now retracing from the support zone, this sends a clear buy signal in the next move.

As a result, the coin price reverted from a $0.0005440 low level and tumbled to a $0.0005489 high level slightly above the EMA-9 but below the EMA-50 as the 1-hourly chart opens today. This suggests a hint at a better possibility of price reversal.

Furthermore, the potential breakout from the immediate resistance of $0.0005489 will give additional confirmation for a bullish recovery.

In addition, the Lucky Block market is indicating an uptrend in the oversold region of the daily stochastic, this implies that the selling pressure is over and the next bullish ride may likely hit the $0.2000 resistance level soon as the bulls look for more gains in its long-term perspective.

LBLOCK/USD Medium-term Trend: Bearish (30-Minute Chart)Due to the inflow from the sellers, the price action of Lucky Block shows a bearish posture in its lower time frame.

The bulls are trying hard not to fall again as the market value of the coin jumped to a $0.0005464 high value below the moving averages shortly after the commencement of the 30-minute session today. Hence, the potential breakout from the immediately mentioned resistance will give additional confirmation for a bullish recovery.

Meanwhile, the market price of LBLOCKUSD is 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 level in the coming days in its medium-term outlook.

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