Lucky Block Price Forecast – Recovery Falters as Sellers Regain Control

LBLOCK/USDT Price Forecast – August 15th

Lucky Block price forecast shows a promising rebound despite sell pressure.

Lucky Block Key Levels

Support Levels: $0.00002830, $0.00002900
Resistance Levels: $0.00004000, $0.00006490

Lucky Block Long-Term Trend: Bullish (Daily Chart)

The Lucky Block market’s recent attempt to stage a recovery from multi-month lows has stalled, with sellers re-emerging to halt the advance. A promising bounce has now rolled over, shifting the short-term trend back to bearish and putting the nascent recovery in jeopardy.

Lucky Block Price Forecast- LBLOCKUSDT Outlook

With indicators on the lower timeframe turning negative, the market is now at risk of retesting its recent lows. LBLOCK/USDT shows a market in a long-term downtrend that is attempting a recovery.

After hitting a new low at $0.00002833 in early August, the price initiated a bullish bounce. However, this recovery now appears to be losing steam as it faces renewed selling pressure. Currently trading at $0.00003349, the asset is in a precarious position. .

The Momentum indicator at 0.00000368 remains positive, reflecting the initial strength of the bounce. In addition, the Relative Strength Index (RSI) is struggling below the neutral 50 level at 44.71. The RSI’s failure to reclaim the 50 mark is a sign of weakness, suggesting that the broader bearish trend has not yet been overcome.

Lucky Block Short-Term Trend: Bullish (4-Hour Chart)

The bears have regained control after the bounce failed to attract sustained buying interest. The immediate outlook is negative, with a potential retest of the $0.00002833 support now a distinct possibility if the selling pressure continues.
The short-term indicators are clearly bearish.

The Momentum indicator has crossed into negative territory with a reading of -0.00000311, confirming that sellers are now driving the price. The Relative Strength Index (RSI) has also fallen sharply into bearish territory at 34.09, validating the shift in control and the strength of the current downward move.

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How To Buy Lucky Block

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