LBLOCK Bulls Stall Decline, Poise to Reclaim the $0.001162 High

Lucky Block Price Prediction – August 6
LBLOCK is in a downtrend but the altcoin has declined to the oversold region of the market as bulls poise to reclaim the $0.001162 high. Buyers are expected to emerge in the oversold region to push prices upward.

LBLOCK Price Statistics Data
LBLOCK price now – $0.0006737
LBLOCK market cap – $27,350,085
LBLOCK circulating supply – 40.77B LBLOCK
LBLOCK total Supply – $67,367,608
LBLOCK Coinmarketcap ranking – #3374

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) – Reclaim the $0.001162 High

Following the recent decline, the bulls have bought the dips as the market reaches  level $0.0007000. On August 6, the cryptocurrency rebounded as it reached the high of $0.0007485. The crypto’s price broke above the 21-day line SMA but failed to break the 50-day line SMA. The implication is that LBLOCK will be compelled to a range-bound move for a few days. The altcoin will trend when the range-bound levels are breached. On the upside, if the bulls breach the 50-day line SMA, it will signal the resumption of the uptrend. LBLOCK first target level will be at the high of $0.0009045. It will resume upside momentum if the bullish momentum extends above the high of $0.001000 high.

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

On the 15 – MIN Chart, the altcoin rebounded and retraced above level $0.0007400 as bulls poise to reclaim the $0.001162 high. LBLOCK is consolidating above the current support for a possible upward move. As the market reaches the oversold region, there is a tendency for prices to make upward moves.

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