Lucky Block (LBLOCK/USD) Market Sets For Further Gains
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Lucky Block Price Forecast – August 12
The LBLOCK/USD market sets for further gains as bullish momentum builds. It seems that the price is getting close to the $0.00002100 mark, which was the last swing high. A move into the premium zone that is more bullish might result from an invalidation of the swing high.
The price has crossed over the 9-day simple moving average, suggesting that the upward trend may continue. Growing purchasing pressure is indicated by the bullish turn in the MACD (Moving Average Convergence Divergence) histogram and the MACD line’s first crossing above the signal line. This implies that the bulls have taken the initiative and might drive prices higher shortly.
LBLOCK/USD Market Key Levels:
Resistance levels: $0.00002100, $0.00002440, $0.00004500
Support levels: $0.00001540, $0.00001400, $0.00000930
LBLOCK/USD – Daily Chart
The daily chart for LBLOCK/USD shows that the market is set for further gains as bullish momentum builds.
LBLOCKUSD has emerged from a prior decline. A sell-side liquidity grab ensued after this breakthrough, which was then followed by a bullish reversal.
After finding solid support at $0.00001400, the price has subsequently moved higher, with $0.00002440 appearing as a crucial resistance level to keep an eye on. More gains can be possible if the price breaks above this barrier.
What is expected of LBLOCK/USD in the coming days?
The future forecast for LBLOCKUSD is still positive and shows room for growth. The price may rise toward $0.00003290 and perhaps reach $0.00004500 if it can maintain above the $0.00002100 level. On the other hand, if the price is rejected at $0.00002440, a retreat towards $0.00001540 can take place, giving bulls a chance to purchase.
LBLOCK/USD – Four-Hour Chart
The price of the LBLOCKUSD pair is trading above the 9-period SMA, suggesting short-term rising momentum, while the four-hour chart is showing a positive trend. The approaching character change (ChoCH) over $0.00002100 points to a change in control from bearish to bullish.
A good hold of the support level at $0.00001540 has allowed for a comeback approaching the important resistance at $0.00002440. The price may rise towards $0.00002700 if it breaks over this resistance.
Lucky Block (LBLOCK) Current Statistics
The current price: $0.00001940
Market Capitalization: $1,350,000
Trading Volume: $7,290
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