LBLOCK Consolidates above $0.0002050 as It Resumes an Uptrend

Lucky Block Price Prediction – October 29, 2022
LBLOCK has broken above the 21-day line SMA as it resumes an uptrend. The cryptocurrency has been trading in a range between $0.0001800 and $0.0002200 price levels. Buyers are having a difficult time piercing the barrier at the resistance of $0.0002200.

LBLOCK Price Statistics Data
LBLOCK price now – $0.0002205
LBLOCK market cap –
LBLOCK circulating supply –
LBLOCK Total Supply – $804,368
LBLOCK Coinmarketcap ranking – #3817
Key Levels:

Resistance levels: $0.0021, $0.0022, $0.0023
Support levels: $0.00200, $0.001900, $0.001800

LBLOCK/USD Medium-term Trend: Bearish (4-hour chart)

LBLOCK is in the bullish trend zone as price breaks above the moving average lines. Buyers are intending to push the crypto to the previous highs. In earlier price action, the altcoin has been facing rejection at the $0.0002150 and $0.0002200 price levels. Today, buyers have broken through the 21-day line SMA, and LBLOCK has reversed its prior downward trend. On the plus side, the market will rise to a high of $0.0003200 if the bulls overcome the barrier at $0.0002200. LBLOCK will fall to the range-bound zone if buyers fail to breach the recent high.

LBLOCK/USD Medium-term Trend: Bearish (1-Hour Chart)

LBOCK bounces back on the 1-hour Chart as it resumes an uptrend. ‘The upward move is marginal because of the presence of Doji candlesticks. The candlesticks indicate indecision between buyers and sellers about the direction of the market. Meanwhile, the crypto has reached the overbought region above 80% of the daily Stochastic. LBLOCK may face rejection at the recent high as sellers emerge in the overbought region.

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