LBLOCK Price May Have Secured Support Above $0.0002050

Price action in the Lucky Block market appears to behave as if buyers are trying to further advance price in the upward direction. At the same time, trading indicators are still showing positivity about an increase in LBLOCK price.

Lucky Block: December 6th, 2022
Lucky Block Value: $0.0002069
LBLOCK Market Cap: $0.862 million
Lucky Block Flowing Supply: —-
LBLOCK Total Supply: 3.65 billion
LBLOCK Ranking on Coinmarketcap: #4533

Major Price Levels:
Resistance: $0.0002069, $0.0002089, $0.0002119
Support: $0.0002050, $0.0002025, $0.0002000

Lucky Block Price Prediction: LBLOCK Holding Firm at $0.0002069, May Continues Upside Move

Examining the LBLOCK/USDT market in the 4-hours time frame, Price action seems to behave as if buyers are already regrouping to push the price further upwards. Two bullish price candles have formed in the past two treading periods. The size of the latest price candle appears to be revealing that buyers  are currently putting up some resistance against downward forces. Additionally, the Stochastic Relative Strength indicator lines appear to be steeply rising upwards. Consequently, this hints at an increase in buying activities, which implies that the price may rise further.

Lucky Block Price Prediction: LBLOCK Reclining Above a Major Base

Moving on to an LBLOCK/USDT 1-hour time frame market, we can notice that price action is currently above key support. Even the lines of the RSI are now above the 70 mark of the indicator, which indicates price activities as arrived where more buying may continue. The last price candle here is an inverted marubozo-like candlestick. Consequently, it reveals that buyers may be actively engaged in this market. Also, the fact that the price has reached beyond the Moving Average line further strengthens the hopes of a continued upward movement of Lucky Block’s price towards the $0.0002150.

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— Lucky Block (@luckyblockcoin) December 4, 2022

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