LBLOCK: 3rd of October 2022
LBLOCK/USDT market received a big push to the upside, as price action quickly broke through multiple resistance within a short time. This portrays that the bulls are in with massive and renewed strength. Yet, fairly enough, trading indicators are still positive of a continuation of the upside move.
Current Price of Lucky Block: $0.0005130
Market Cap of LBLOCK: $1.78 million
LBLOCK Flowing Supply: ——
Total Supply of LBLOCK: 3.65 billion
Coinmarketcap Ranking for LBLOCK: #3436
Important Price Marks:
Top: $0.0005200, $0.0005300, $0.0005400
Bottom: $0.0005130, $0.0005090, $0.0004950
Lucky Block’s Value Deduction: LBLOCK Price Action Still Hopeful of the Upside
Lucky Block’s price action on the four-hour price chart displays an instantaneous and massive value increase. Even now, following the activation of significant selling pressure, LBLOCK/USDT price stays within the reach of more upward price moves. The upper limit of the Bolinger indicator was seriously by a large bullish candle. In reaction to this, there was a downward price correction, which looks normal by the rule of the indicator. Furthermore, the RSI indicator portrayed the activity of downward forces. However, the activity on the Stochastic RSI remains in the overbought region, and this maintains the possibility of Lucky Block price reaching near $0.000600.
LBLOCK’s Value Deduction: Lucky Block Price Is Moving Higher
Examining the LBLOCK/USDT 1-hour chart, one can easily perceive that price action has moved significantly upwards by $0.0000219. The massive increase portrays the activities in Lucky Block’s market. Furthermore, price candles are still above the MA of the Bollinger indicator. Consequently, this places price action where it can easily catch more tailwind towards higher levels. Also, the curves of the RSI are still very much above the 70% level of the indicator. Therefore, possibility of price action continuing its upside trajectory, off some notable Fibonacci levels such as 61.80 and 78.60 levels are very much around.
Lucky Block (LBLOCK V2): Gate.io listing has been set to be done on 25th August.
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