LBLOCK Price Prediction: Lucky Block Is Reclaiming Higher Support

LBLOCK/USDT price seems to be gradually claiming higher support. Even now, price action looks like it has significantly acquired enough strength to sustain its upside movement.

Lucky Block: December 8th, 2022
Lucky Block Value: $0.0002285
LBLOCK Market Cap: $0.876 million
Lucky Block Flowing Supply: —-
LBLOCK Total Supply: 3.65 billion
LBLOCK Ranking on Coinmarketcap: #4231

Major Price Levels:
Resistance: $0.0002300, $0.0002340, $0.0002380
Support: $0.0002285, $0.0002255, $0.0002225

Lucky Block Price Prediction: LBLOCK Appears to Be Retracing Upwards Already

Price action in the LBLOCK/USDT 4-hour market has been able to break up the resistance formed by the middle limit of the Bollinger band. Even, when downward forces seem to have come alive, it appears buyers are still putting up a fight. This deduction is gotten from the size of the recent price candles, as their body appears very small. The latest price candle here lacks wick, and this seems to be revealing that the price is already retracing upwards. Also, the lines of the RSI lines are on their way toward the 70 mark. Eventually, as buyers continue to mount resistance against downward forces, the RSI curves will move further upward, as buying momentum continues to increase. Subsequently, this will result in price moving increasing as well.

Lucky Block Price Prediction: LBLOCK Price Action Gradually Progresses Upwards

On the LBLOCK hourly market price candles seems to steadily back away from the moving average line. This is seen through the last three price candles. We can see that the wick of these candles is backing away from the MA line of the Bollinger band. The MACD lines can be seen to have risen above the equilibrium level of the indicator. By indications, all the signs coming from appears to be revealing that price upward forces are building up gradually. Therefore, traders can expect price action to soon reach above the $0.0002400 price level.

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