Lucky Block Price Forecast: LBLOCK Buyers Are Reigniting From the $0.00048650 Level

Lucky Block Price Forecast – August 12

The Lucky Block price forecast is for bulls to reignite themselves at the $0.00048650 support level. Every indication is in the bulls’ favour.

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

Key Levels:
Supply Zones: $0.00062130, $0.00076050
Demand Zones: $0.00041890, $0.00048650
.00048650 Level" width="1226" height="674" data-lazy-src="https://learn2.trade/wp-content/uploads/2022/08/Lblock-30-10.png"/> Lucky Block buyers are set to reignite themselves at the $0.00048650 support level after the price slumped beyond the former support at $0.00062130. The bulls were hoping to kick off at that previous support level, but a number of factors contrived to push the price down. This includes the need for more market investors to climb on the market.

Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness

Lucky Block dropped to the first support level at $0.00062130 on the 5th of August after failing to find an anchor above the $0.00079960 price level.

A tussle occurred at this level between opposing market forces, which resulted in the price remaining stable at the $0.00062130 support level. Eventually, the price dropped to a lower level of $0.0004865, allowing more investors to be able to climb on the market.

At $0.0004865, the buyers are reigniting the price. The RSI line has bounced upward from the oversold region and is ascending towards the overbought region.

LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

The 5-minute chart shows that LBLOCK is making progress in an upward direction. The candles have bounced off the combination of the $0.00048650 support level and the lower Bollinger Band. The slow movement shows that bearish pressure is still abounding, but the buyers have more strength at this point.
.00048650 Level" width="1226" height="674" data-lazy-src="https://learn2.trade/wp-content/uploads/2022/08/LBlock-5-8.png"/> The line of the RSI (Relative Strength Index) indicator on the 5-minute chart has risen from the oversold region to the overbought region and is currently undulating around the border of the overbought region. The bulls will aim directly for $0.00062130.

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