LBLOCK: 25nd of September
Lucky Block has broken the $0.0003600 support to the upside, and since then strong downward pressure has pushed back price action. However, this can only be seen as a minor retracement that appears to have reached strong support above $0.0003500. There are signs that price may resume a rally, and buyers can use this current support as a buying point.
LBLOCK’s current worth: $0.0003546
Lucky Block’s Market Cap: $14.66 Million
Lucky Blocks Moving Supply: ——
Total Supply of LBLOCK: 3.65 billion
Coinmarketcap Ranking for LBLOCK: #4550
Important Value Mark:
Top Levels: $0.0003558, $0.0003575, $0.0003600
Floor Levels: $0.0003546, $0.0003510, $0.0003480
LBLOCK V1 Price Speculation: Lucky Block Prepares to Shoot Upwards
LBLOCK/USDT four hours chart reveals that price action may have Hit a rock bottom. Furthermore, trading indicator has started reflecting the possibility of price moving upwards from the support around $0.0003540. The price candle has arrived at the MA of the Bollinger. Interestingly, even the red candle that appeared was unable to break the support formed by the MA of the Bollinger. Consequently, this points to the possibility of price resuming an uptrend from here. Also, looking at the RSI, one will notice a minor correction in the direction of the faster RSI towards the slower one. Traders can use this support as a buying point, as the price may eventually resume an uptrend from here towards $0.0003700.
Analysis for LBLOCK V1 Price: Uptrend in the Lucky Block V1 Market May Have Commenced
On a shorter time frame LBLOCK/USDT chart of 1-hour, it appears as if the aforementioned uptrend is gradually gaining traction. Price candles have already taken off from the Lower band of the Bollinger indicator. Also, the last candle here indicates that some buying activities have begun. Consequently, this is pushing price action closer to the MA line. Additionally, the RSI is ramping upwards, to indicate a quick build-up in the strength of buying activity. Additionally, since the faster line has reached above the 50% level of this indicator, it can be assumed that price movement has gained significant strength. Thus, the price of Lucky Block may break higher price levels as earlier mentioned.
Lucky Block (LBLOCK V2): Gate.io listing has been set to be done on 25th August.
You can purchase Lucky Block here. Buy LBLOCK
