LBLOCK Bulls Stall Decline as Buyers Resume an Uptrend

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Lucky Block Price Prediction – November 7, 2022
LBLOCK has broken over the 21-day line SMA as buyers recover to resume an uptrend. Although the price of the cryptocurrency has risen to a high of $0.0002452, it is being rejected at the $0.0002500 resistance level. As a result, LBLOCK is once again applying selling pressure.

LBLOCK Price Statistics Data
LBLOCK price now – $0.0002372
LBLOCK market cap –
LBLOCK circulating supply –
LBLOCK Total Supply – $866,087
LBLOCK Coinmarketcap ranking – #3829

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 positive trend zone as price breaks above the moving average lines. Buyers want to raise the price of the cryptocurrency to its former highs. Bullish exhaustion has been reached by the upswing as it encounters resistance at the $0.0002452 high. LBLOCK produced an upward adjustment during the decline on November 5 and a candle body tested the 50% Fibonacci retracement level. According to the correction, the altcoin price will drop to the level 2.0 Fibonacci extension, or $0.0002025. Meanwhile, LBLOCK will be forced to move range-bound between the moving average lines if the altcoin lowers and maintains above the 50-day line SMA.

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

On the 1-hour Chart, LBLOCK makes a comeback as buyers recover to resume an uptrend. The rising movement came to an end at the high of $0.0002350, which caused the coin to fall. The altcoin fell below the $0.0002200 support. Under the daily Stochastic’s 20% range, the cryptocurrency has now entered the oversold territory. Due to its decline to the oversold region, LBLOCK has attained bearish fatigue.