Lucky Block Price Forecast: LBLOCK to Kickstart Uptrend After Breaking $0.00064310

Lucky Block Price Forecast – August 10

The Lucky Block price forecast is for the market to kickstart an uptrend after it breaks the initial barrier of the $0.00064310 resistance level.

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

Key Levels:
Supply Zones: $0.00066300, $0.000839300
Demand Zones: $0.00062300, $0.00062230
Lucky Block bulls have successfully stopped the fall in the market at the $0.00062230 support level. The next step the buyers have taken is to break the $0.00064310 price level. This will then be used by the bulls to reach for even higher heights. It can therefore be said that a bullish reversal is now taking place as the bulls grow stronger and the bears weaker.

Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness

Lucky Block was already on a decline by the 2nd of August. Although there were movements from the bulls to overturn the market right there and then, they had not gained enough stamina to withstand bearish pressure.

Shortly after, the market slumped, bypassing several barriers on its way to reaching the $0.00062230 support level. Again, the buyers immediately gave some resistance, but it didn’t last.

The MA period 100 (Moving Average) remained above the market as resistance all through the period of its declination. However, in the latest turn of events, the price has now traded above it.

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

The 5-minute chart shows more details about what happened as the coin changed from a bearish outlook to a bullish campaign. After the market crashes to the $0.00062230 support level, the bulls were able to withstand the pressure to avoid a further dip. Meanwhile, the market started to test the next upward level at $0.00064310.
The price has broken the $0.00064310 price level and has pulled back in a bid to strengthen itself at the price level. The MA period 100 has also been defied, and it has been converted to support for the market. Lastly, the Stochastic Oscillator has plunged into oversold, and an imminent rise is expected.

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