Lucky Block V1 Price Analysis: LBLOCK V1 Trying to Obtain a Support Above $0.0003700

LBLOCK: 2nd of October, 2022

LBLOCK/USDT price action Was able to achieve its aim of breaking the $0.0003700. However, following this success, downward forces once again pushed back at price action, causing it to fall back under this level. Nevertheless, attempts to break this level, and perhaps find a strong base above it are already ongoing.

LBLOCK’s current worth: $0.0003664
Lucky Block’s Market Cap: $14.87 Million
LBLOCK’s Moving Supply: 40.77 billion
Overall Supply of LBLOCK: 3.6 billion
Coinmarketcap Ranking for Lucky Block: #4447

Important Value Mark:
Top Levels: $0.0003664, $0.0003690, $0.0003730
Floor Levels: $0.0003624, $0.0003600, $0.0003570

LBLOCK V1 Price Forecast: Lucky Block’s V1 Price Action Is Pressing Higher

As earlier mentioned above, price activities on the LBLOCK/USDT four hours chart were successful in breaking the resistance of $0.0003700. However, it was unable to find support above this level. Nevertheless, there are signs that the price of this crypto is already beginning to retrace the lost resistance. Price candles are still holding their position above the MA of the Bollinger, while the last can formed as a bullish one. Also, the RSI lines have a crossed each other to give an increase in upside momentum. Also, the Bollinger indicator is now tilting upwards perhaps to portray the market trend. Adding up all these sings here, we can conclude that Lucky Block’s price may soon recline above $0.0003700 resistance, hence finding support here and pushing higher from there. Consequently, price action may even around 0.0003850.

LBLOCK V1 Price Forecast: Lucky Block V1 Locks in Target

Looking at the hourly chart for LBLOCK/USDT market we can witness the strength of the bulls in this market. Here we can see that the most recent red candle which indicates that Sellers influence seems to be of no impact on the prospect of price rising higher. The Stochastic RSI curve maintains its upward direction. Even the latest candle here isn’t yet testing the middle limit of the Bollinger indicator. Going by this we can predict that the LBLOCK V1 price will once more break the earlier stated resistance, find a base from which price action can keep breaking higher. Therefore, making decisions to catch this price train is a very good one.

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

You can purchase Lucky Block here. Buy LBLOCK.