Lucky Block Price Prediction- October 4
The Lucky Block price may possibly pull back to resistance after updating the lows. Therefore, once the coin price gave an hourly candle closing above the $0.0007163 mark, the coin holder may witness a $0.02500 hit supply.
Levels:
Resistance levels: $0.0005000, $0.0005100, $0.0005200
Support levels: $0.0003987, $0.0003887, $0.0003787
LBLOCKUSD Long-term Trend: Bearish (1H Chart)
LBLOCKUSD is bearish in its long-term outlook. The sellers are now involved in trading activities. However, the impulsive move by the bulls at the $0.0007163 supply mark with a long bullish candle was corrected yesterday, by the bears, with the formation of a bearish candle at the $0.0004441 support level.
The buyers resumed today and pushed the coin market up to a $0.0005003 high mark, the momentum was lost while the sellers returned the price to a low at the $0.0004320 level. However, after a directional drop, there is usually a resumption of a prevailing rise in the market.
Thus, there is likely an increase in the price of Lucky Block as the market is oversold already. Therefore a shift in trend to a high at the $0.02500 supply mark may be achieved in the days in its long-term outlook.
LBLOCKUSD Short-term Trend: Bearish (15-Minute Chart)
The Lucky Block pair is now facing resistance after a series of drops from the short traders. Crypto is now finding its way up as the bulls are gradually staging a return to the market.
The price action at the $0.0004315 supply mark shows that the bulls are coming in gradually to dominate the market.
Meanwhile, the stochastic oscillator is pointing upwards in the oversold region at around level 19% – which suggests the momentum in price is in an uptrend. Thus, the supply level of $0.02500 may be retested by the bulls in the future.
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