LBLOCK Breaks Recent Resistance as Bulls Sustain the Upturn

Lucky Block Price Prediction – July 30
LBLOCK has resumed an upward correction as bulls sustain the upturn. Buyers struggled below the resistance for a week before the upward move. Today, the altcoin is trading at $0.001197 at the time of writing.

LBLOCK Price Statistics Data
LBLOCK price now – $0.001197
LBLOCK market cap – $48,924,357
LBLOCK circulating supply – 40.77B LBLOCK
LBLOCK total Supply – $119,725,311
LBLOCK Coinmarketcap ranking – #3208

Key Levels:
Resistance levels: $0.0016, $0.0018, $0.0020
Support levels: $0.0009600, $0.0009400, $0.0009200

LBLOCK/USD Medium-term Trend: Bearish (1-hour chart) – Bulls Sustain the Upturn

From the price action, the cryptocurrency has fallen below the moving average lines. The implication is that the crypto may further decline to the downside. Nonetheless, the current decline has reached the oversold region of the market. Buyers are likely to be attracted to the oversold region of the market. Presently, LBLOCK has resumed its upward move as buyers emerge in the oversold region. On the upside, if the bulls break above the moving average lines, the altcoin will rally to the high of $0.01067. Subsequent moves are possible if the bullish momentum is sustained above the $0.001067 support. The crypto will further rise to the high of $0.001150.

LBLOCK/USD Medium-term Trend: Bearish (15-Minute Chart)

Buyers are recouping above the $0.0009400 support as bulls sustain the upturn. The bulls have broken the 21-day line SMA but are approaching the 50-day line SMA. The uptrend will resume if price breaks above the moving average lines.

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