Lucky Block Securing Higher Supports

On Oct 11, 2022

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LBLOCK: October 11th, 2022

On the LBLOCK market, Price action was able to break to the upside the $0.0002100 price level. Nevertheless downwards forces have pulled on price action and have thus pulled it back under the above price level.

Current Price of LBLOCK: $0.0002038
Market Cap of LBLOCK: $0.76 million
Lucky Block Flowing Supply: —–
Total Supply of LBLOCK: 3.65 billion
Coinmarketcap Ranking for Lucky Block: #3838

Major Price Marks:
Resistance Level: $0.0002038, $0.0002070, $0.0002100
Support Level: $0.0002020, $0.0002010, $0.0002000

Lucky Block Price Prediction: LBLOCK Aims Higher

Price movements on the LBLOCK 4-hours chart, portrays that the bulls continue to make a consistent effort towards finding higher supports. The last price candle was able to form above the Moving Average curve of the Bollinger band, bringing the price to $0.0002038. Also, the Bollinger band continues to get narrower as we move along, signifying that we might soon witness some significant price movement. The RSI, although, taking a downward direction, but remains above the oversold region. Adding up all the signs here, traders can predict that the price may move towards $0.0002200 very soon.

Lucky Block Price Prediction: LBLOCK Uptrend Gets More Boosts

The latest price candle on the LBLOCK/USDT hourly chart formed as an inverted hammer just under the MA of the Bollinger. The appearance of this price candlestick portrays a bullish reversal, however, more confirmation still needed to be carried out. Additionally, the RSI has just done a bullish crossover at 49.34% and 47.60%. Summing up all the signs picked up on this chart and indicator, price action in this market will move to the upside as previously mentioned.

Lucky Block (LBLOCK V2): Gate.io listing has been set to be done on 25th August.

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