Lucky Block (LBLOCK/USD) Market Signals A Strong Breakout Towards Key Resistance Levels
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Lucky Block Price Forecast – October 14
The LBLOCK/USD market signals a strong breakout towards key resistance levels. Once the diagonal resistance gets invalidated, a massive surge to the $0.00002990 resistance is probable.
The LBLOCKUSD pair is showing signs of bullish momentum, confirmed by the Relative Strength Index (RSI) at 54.81, signaling moderate buying strength. The price is slightly above the 9-day Simple Moving Average (SMA), which is currently at $0.00002300. This crossover suggests that the bullish trend may continue, as buyers are pushing the price upward. The RSI also indicates there is still room for further movement before the market becomes overbought.
LBLOCK/USD Market Key Levels:
Resistance levels: $0.00002490, $0.00002990, $0.00003940
Support levels: $0.00001880, $0.00001600, $0.00001000
LBLOCK/USD – Daily Chart
The daily chart for LBLOCK/USD shows that the price will likely remain in its upward trend for a long time.
The price action reveals that LBLOCKUSD recently broke out from a descending trendline, marked by a market structure shift (MSS). This move took the price past a previous resistance level at $0.00002490, which now serves as a support zone.
The price has respected this level multiple times, indicating strong buyer interest. The earlier significant support levels at $0.00001880 and $0.00001600 have also played a role in the recent upward push, making them essential areas of focus.
What is expected of LBLOCK/USD in the coming days?
The projection for LBLOCKUSD suggests further bullish advances towards the next resistance levels at $0.00002490 and $0.00002990. If the price pulls back, it could retest the $0.00002300 support level before making another upward move. In the medium term, a sustained bullish push could see the price reaching $0.00003940, depending on market conditions and continued buying momentum.
LBLOCK/USD – Four-Hour Chart
The LBLOCKUSD pair is in a bullish direction on the 4-hour chart, as the price recently bounced off the $0.00002080 support. The RSI is at 36.69, indicating the market is slightly oversold and a potential reversal might occur soon.
The price is hovering just below the 9-day SMA of $0.00002200, signaling a potential breakout once the $0.00002170 resistance is cleared. If buyers push higher, the next target would be the resistance at $0.00002490, with a further move toward $0.00002990.
Lucky Block (LBLOCK) Current Statistics
The current price: $0.00002170
Market Capitalization $1,660,000
Trading Volume: $2660
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