Lucky Block Price Prediction: LBLOCK Retracing Towards $0.0001600

Lucky Block’s price action is jetting towards higher resistance. Furthermore, with every passing minute price action seems to be getting stronger. Consequently, this gives the LBLOCK/USD market a promising outlook.

LBLOCK: November 18th, 2022
LBLOCK’s Value: $0.0001586
Market Capitalization for Lucky Block: $0.60 million
Lucky Block Flowing Supply: —-
LBLOCK Total Supply: 3.65 billion
Lucky Block Ranking on Coinmarketcap: #3784

Key Price Marks:
Resistance: $0.0001586, $0.0001613, $0.0001668
Support: $0.0001566, $0.0001542, $0.0001522

Lucky Block Price Prediction: Price Activity Retracing Higher Price Levels in the LBLOCK Market

Price activity in the LBLOCK market seems to have bounced off anticipated support. And as a result, seems to have triggered significant tail wind which is the force behind the current price move. A bullish price candle has just formed on the 4-hour price chart, however not too far below the MA lines. Furthermore, the leading line on the Stochastic RSI is now taking a bend towards the lagging one. By implication, this is portraying the activities of tailwind in this market. As the upward forces continue to build up, we may soon witness a bullish crossover on the RSI, which will confirm an uptrend in this market.

Lucky Block Price Prediction: Upward Forces Are Building Up in LBLOCK Market

Looking at the 1-hour LBLOCK/USD market, we can perceive the appearance of two consecutive green candles. The candle before the last was a Doji which indicates a contest between buyers and sellers. Furthermore, going by the significant difference in the size of next or the latest price candle on this chart, it appears as if Buyers may have broken loose. Also, the RSI curves are now journeying toward the overbought region. Specifically, these lines are around the 50 levels of the indicator. Finally all the perceived signs in this market may be indicating that Lucky Block’s price may rally above the $0.0001650 level in the near term.

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