Price movements in Lucky Block Market has eventually broken the resistance of $0.0001600 as predicted. Also, price action has continued to move higher towards a more elevated resistance price level. To this effect, let’s further examine this market.
Lucky Block V1: November 27, 2022
Lucky Block V1’s Price: $0.0001633
LBLOCK V1’s Market Capitalization: $6.65 million
Lucky Block V1’s Flowing Supply: 40.77 billion
Lucky Block V1’s Total Supply: 99.6 billion
LBLOCK’s Ranking on Coinmarketcap: #4835
Important Price Mark:
Resistance: $0.0001633, $0.0001653, $0.0001680
Substance: $0.0001613, $0.0001590, $0.0001565
LBLOCK V1 Price Prediction: Lucky Block V1 Price Keeps Going Higher
Recent price candles on the LBLOCK V1 four hour market formed above the Exponential Moving Average curve. This price activity is revealing that LBLOCK V1 has more upside potential at this point. Also, the last two price candle on this market points that buyers are still in control of price activities, and as such are bent on driving price higher. Another technical Indicator called the MACD keeps indicating positivity about upside price movement in this market. The curves of this Indicator have risen above the equilibrium point and are still moving in the upward direction. At this point, market signs are positive of a continued upward movement.
LBLOCK V1 Price Prediction: Lucky Block V1 Maintains Upside Seeking Attitude
Coming to an hourly LBLOCK V1 market, we can see that the current price stays above the Exponential Moving Average curve. Also, the latest price candle stays bullish and has kept price above the Exponential Moving Average curve. Furthermore, the Moving Average Convergence Divergence indicator seems to have recovered its upward direction. By implication, Lucky Block price action is revealing that buyers are exerting more pressure at their end of the market. Consequently, buyers may eventually push prices beyond the $0.0001700 price level.
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