Lucky Block’s Value Deduction: LBLOCK Is Regaining Upside Momentum

Lucky Block: September 2nd, 2022

Lucky Block experienced huge selling pressure after its price reached around $0.002500. However, currently, this crypto is already making attempts to reclaim its value in the higher resistance. Trading indicators are aligning to hint on an upcoming price uptrend. Traders should detect and utilize this trend profitably.

LBLOCK’s Current Value $0.001280
LBLOCK’S’s Market Cap: $4.9 million
LBLOCK’s Moving Supply: ——
LBLOCK’s Overall Supply: 3.65 billion
LBLOCK’s Position on Coinmarketcap: #3162

Important Value Marks:
Upper Value Level: $0.001300, $0.001350, $0.001400
Lower Value Level: $0.001280, $0.001250, $0.001200

Lucky Block’s Value Deduction: LBLOCK’s at Its Starting Point

The LBLOCK/USDT price action is already showing signs that it will soon rebound upwards after pushing the lower band of the Bollinger (BB) indicator. The Stochastic RSI has gotten to the oversold region and now looks like it’s now ready to begin its journey into the upside. The line of this indicator is seen moving apart at the tip after they have been interwoven for a while, which portrays an uptrend. Furthermore, the price action on the chart seems to be taking a bounce off the lower limit of the Bollinger indicator. At this point, we can expect that the uptrend will keep gaining momentum, and the Lucky Block price may eventually regain the $0.001800 price level soon.

Lucky Block’s Value Deduction: LBLOCK’s Is on Its Way Back Up!

Studying the LBLOCK/USDT price action on a shorter time frame of one hour we can see that the BB indicator now appears to be narrowing. Consequently, this may be pointing to an eventual trend reversal. And, given that the price action has already reached the lower limit of this Indicator, the probability that the upcoming trend reversal will be bullish is higher. Furthermore, the Stochastic RSI can be seen trying to make a cross which will eventually result in an upside momentum gain. This is indicating that an uptrend is near, and traders should ensure buying into the market promptly.

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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