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Value Deduction for LBLOCK: Lucky Block Advances Its Upward Move

Value Deduction For LBLOCK: Lucky Block Advances Its Upward Move
Value Deduction For LBLOCK: Lucky Block Advances Its Upward Move

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Lucky Block: 30th of August

At the time of writing Lucky Block was able to break the $0.002100 mark to the upside once more. Although selling pressure acted on its price action but wasn’t able to break the $0.002100 downward. Perhaps we may be in for more upside move than anticipated. Furthermore, let’s analyze this market to discover more trading opportunities.

LBLOCK’s Current Value $0.002107
LBLOCK’s Market Cap: $7.74 million
LBLOCK’s Moving Supply: ——
LBLOCK’s Overall Supply: 3.65 billion
LBLOCK’s Position on Coinmarketcap: #3633

Major Value Marks:
Upper Value Level: $0.002120, $0.002150, $0.002200
Lower Value Level: $0.002107, $0.002083, $0.002070

Value Deduction For LBLOCK: Lucky Block Advances Its Upward Move

Value Deduction for LBLOCK: Lucky Block Eyes Breaking More Elevated Resistance

LBLOCK/USDT Price action on the 4-hour chart was able to absorb the blow coming from the sellers without falling below the strong support of $0.002100. This is an impressive performance, and this portrays how strong the gathered upward momentum is. On this chart, we can see green candles all lined above the MA of the Bollinger. Consequently, this points that more elevated resistance may be broken, as the price rises upwards. Also, the RSI is currently moving upwards, which signifies that buyers are picking up more momentum. Additionally, the possibility of the price reaching further higher comes from the fact that the RSI is still around the 40% mark. Therefore, there is still room for the uptrend to gain more strength.

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Value Deduction For LBLOCK: Lucky Block Advances Its Upward Move

Value Deduction for LBLOCK: Lucky Block’s Uptrend Stays Focused

The hourly chart for LBLOCK/USDT shows that even with the effect of selling pressure LBLOCK has been able to maintain focus on moving higher. The price activities are pushing the upper limit of the Bollinger indicator. Also studying the appearance of the Bollinger indicator, itself, we can see that it is tilting upwards. Consequently, this is indicating the prevalent trend in the market. In addition, although the RSI curves have crossed each other in the oversold area, they are staying too close together. Subsequently, this increases the possibility of this line staying much longer in that area. Consequently, Lucky Block’s price may reach above $0.002300 soon.

.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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