Lucky Block Market Prediction: LBLOCK Breaks Above $0.0000260 Support

Lucky Block Market Prediction: October 16

The Lucky Block market prediction is the coin to keep up with its steady progress for a rally after it rises off the $0.0000260 support level.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Supply Zones: $0.0000880, $0.0000360
Demand Zones: $0.0000260, $0.0000200

LBLOCK is sandwiched between two critical levels, which are $0.0000360 as resistance and $0.0000260 as support. This is a result of the bearish explosion in the market that caused a plunge. Nevertheless, the bullish potential of the coin is expected to come through, and the price has been making moves for recovery by rising above $0.0000260 and then rising off it.

Lucky Block Market Prediction: LBLOCK/USD Anticipation
Currently, LBLOCK is in a price range framed by two significant levels: $0.0000360 acting as resistance and $0.0000260 serving as support.

This equilibrium results from the bearish surge that dramatically impacted the market, leading to a substantial price drop. Nevertheless, LBLOCK’s inherent bullish potential is expected to continue to prevail.

This is evident in its ongoing recovery efforts, which first involved climbing above the $0.0000260 support level. There has been an extended alignment of Parabolic SAR (Stop and Reverse) dots above the candlesticks since late September.

LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)

Additionally, the Relative Strength Index (RSI) line on the daily chart still maintains a position deep within the oversold region, with only a slight incline. While the daily chart vividly reflects the effect of the bearish surge, the 4-hour chart paints a more optimistic picture, showcasing signs of upward momentum.

The orderly configuration of Parabolic SAR dots has been interrupted, with an alternating pattern around the candlesticks featuring more beads below than above. Simultaneously, the RSI line exhibits a steady upward trajectory, hovering around the 50 mark. As such, LBLOCK aims to restore its position and aim for the $0.0000880 mark as it pursues its recovery path.

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.