Lucky Block Market Expectation: LBLOCK Pushes up With Fresh Bullish Impetus

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Lucky Block Market Expectation – July 29

The Lucky Block market expectation is for the price to shake off the bearish pressure and rally upward with a fresh bullish impetus.

LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Supply Zones: $0.0011780, $0.0011130, $0.0010510
Demand Zones: $0.0010050, $0.00097160, $0.00095460
The attempt of the Lucky Block to reinstate itself above its uptrend line was futile after it failed to trade to the upside of the line. This led to a drop back to the $0.0010050 critical level, where the bulls have recharged themselves. The coin is now surging upwards with fresh bullish impetus. The first challenge will be to bypass the $0.0010510 critical level, followed by the $0.0010510 resistance.

Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness

Since the price unsuccessfully attempted to break through the $0.0011780 resistance on the 22nd of July, the price has been more or less caught in a sideways movement.

The $0.0011130 price level is acting as resistance to limit the price uptrend, while the market is also receiving support at the $0.0009716 demand zone. However, the coin was held at $0.0010050 at its last drop.

Nevertheless, LBLOCK has been infused with a fresh bullish impulse by which the market is rising. The Relative Strength Index line has surged from above the oversold region into the overbought level.

LBLOCK/USD Medium-Term Trend: Bullish (15-minute chart)

The 15-minute is similar to that of the 30-minute chart. The MA cross has crossed upward due to the upsurge in prices. Lucky Block will now try to negotiate its first limit at the $0.0010510 resistance level.
The Relative Strength Index has also surged from around 30 to more than 90, bringing the market into an overbought status. A retracement might precede a further upsurge in the market. Buyers will bet on reaching and breaking the $0.0011130 mark.

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