Lucky Block Price Prediction: LBLOCK Declines but Attracts Buyers at Lower Levels of Price

Lucky Block Price Prediction – September 29
LBLOCK is in a downtrend as the cryptocurrency attracts buyers at lower levels of price. The current downtrend is likely to continue as the coin approaches the oversold region of the market.

LBLOCK Price Statistics Data
LBLOCK price now – $0.0003955
LBLOCK market cap –
LBLOCK circulating supply –
LBLOCK Total Supply -$1,446,119
LBLOCK Coinmarketcap ranking – #3468

Key Levels:
Resistance levels: $0.0021, $0.0022, $0.0023
Support levels: $0.00200, $0.001900, $0.001800

LBLOCK/USD Medium-term Trend: Bearish (1-hour chart)

LBLOCK is in a downtrend as the altcoin continues to slide down to the previous lows. However, on September 27, buyers kept the price above the moving average lines but failed to sustain the uptrend. However, LBLOCK is facing another resistance at the high of $0.0004800. The coin dropped sharply below the moving average lines. Meanwhile, on September 29 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement suggests that LBLOCK will fall to level 2.0 Fibonacci extension or level $0.0003490. Presently, the coin has declined to the low of $0.0003932 at the time of writing.

LBLOCK/USD Medium-term Trend: Bearish (15-Minute Chart)

On the 15- Min Chart, LBOCK is in a downtrend as it attracts buyers at lower levels of price. On September 29, LBLOCK declined to the low of $0.3874 and resumed consolidation above it. The selling pressure may resume if the current support is breached. Meanwhile, LBLOCK is below the 20% range of the daily Stochastic. It implies that the selling pressure has reached bearish exhaustion.

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