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Lucky Block’s Value Analysis: LBLOCK Price Isn’t Going Down

Lucky Block's Value Analysis: LBLOCK Price Isn't going Downwards
Lucky Block's Value Analysis: LBLOCK Price Isn't going Downwards

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LBLOCK: 21st of August

Lucky Block is putting up some interesting displays, refusing to downtrend after hitting a strong resistance. From our last post, it could be seen that LBLOCK has claimed a more elevated base of $0.002098, from the past one of $0.002080. However, this crypto seems not tired just yet as it looks set to take its worth even higher.

Lucky Block Value Now: $0.002098
Lucky Block Market Capitalization: $7.7 million
Lucky Block Moving Supply: ——
Lucky Block Entire Supply: 3.6 billion
Lucky Block’s Rank on Coinmarketcap: #3383

Crucial Price Mark:
Ceiling Marks: $0.002057, $0.002098, $0.002183
Floor Marks: $0.002094, $0.002057, $0.002028

Lucky Block's Value Analysis: LBLOCK Price Isn't going Downwards
LBLOCK Value Forecast: LBLOCK/USD Prepares to Trend Higher

Even after Lucky Block has faced rejection at an upper limit, the LBLOCK/USD  4-hours chart portrays that the price is not ready to fall. The 4-hour chart displays the appearance of an invert and a Bullish hammer candlestick. This is portraying that bulls are prepared to raise prices higher. Also, it can be viewed that price activity remains above the Moving Average curve of the Bollinger band, this indicates that an uptrend will still occur. Moving on, the faster Stochastic RSI indicator thread is now making a turn for a cross. This portrays s that the buyers are steadily gathering strength. So, from here, we may project that the price may eventually get to above $0.002310.

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Lucky Block's Value Analysis: LBLOCK Price Isn't going Downwards

Lucky Blocks Value Forecast: LBLOCK/USD Targets  Higher Resistance

The LBLOCK/USD one-hour trading chart reveals the build-up to the upcoming uptrend. On this chart, we can see that an inverted hammer candlestick has just appeared and this is indicating a bullish reversal. Therefore, this indicates that an upside correction is already on its way. Also, it can be perceived that the Stochastic indicator has already gotten to the highly sold region. Summing up the candlestick formation and the Stochastic Indicator reading, Traders can enter this market with a buy stop, with entry near $0.002120 and a target above $0.002350.

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

You can purchase Lucky Block here. Buy LBLOCK

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