Lucky Block V1 Price Analysis: LBLOCK V1 Prepares to Reach Higher

Original author: Azeez Mustapha

Lucky Block: 4th September

After LBLOCK v1 broke the resistance of $0.5500, price action is on a minimal downside side correction. Nevertheless, this may only be an attempt to even break higher price levels. This is because trading indicators are still positive about price action going higher. Consequently, traders can still make a good profit from this market.

LBLOCK v1 Price Now: $0.0005389
LBLOCK v1 Market Cap: $21.36 million
LBLOCK v1 Circulating Supply: 40.77 billion
LBLOCK v1 Total Supply: 100 billion
LBLOCK v1 Position on Coinmarketcap: #3465

Important Value Levels:
Resistance Level: $0.0005300, $0.0005500, $0.0005850
Support Level: $0.0005389, $0.0005189, $0.0005000

Lucky Block V1 Price Analysis: LBLOCK V1 Corrects Minimally to Gather More Momentum

The LBLOCK v1 chart reveals that the price of this crypto may be trying to gather more upward momentum. And, this is occurring after LBLOCK/USD price action faced rejection at the $0.0005500 Price level. Consequently, this current mark may eventually be a strong support from which price Lucky Block v1 price may rebound upwards. The 9/21 days Moving Averages remains below price activities, consequently, this portrays the possibility of price moving upwards. Additionally, the Stochastic RSI lines are still in the highly bought area, although the last candle caused the faster line to correct downward a bit. Nevertheless, this will allow buyers to regroup and advance this crypto price. Eventually, the resistance $0.0005500 price level may be significantly exceeded.

Lucky Block V1 Price Analysis: LBLOCK/USD Hourly Chart Reveals More about the Upcoming Move

On the LBLOCK/USD 1-hour chart, it appears as if the current support is very strong. This is because buyers and sellers have a strong tussle at that price level. As a result, this tells that this support is holding. Also, the Stochastic RSI threads are now at the 0.00% level of the oversold zone, plus the faster line has now crossed towards the slower one. With increasing buying pressure, the two lines will cut across each other and the upside momentum will build up. Consequently, the price of Lucky Block v1 may eventually arrive above $0.0007000 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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