LBLOCK Consolidates Above $0.0001717 As Breakout Is Imminent

Lucky Block Price Prediction – October 16, 2022LBLOCK is in a sideways trend after the recent decline as breakout is imminent. For the past week, the altcoin has been trading marginally. The price action is characterized by small-body indecisive candlesticks called Doji.

LBLOCK Price Statistics Data LBLOCK price now – $0.0002176LBLOCK market cap – LBLOCK circulating supply – LBLOCK Total Supply – $795,090LBLOCK Coinmarketcap ranking – #4708

Key Levels:Resistance levels: $0.0021, $0.0022, $0.0023Support levels: $0.00200, $0.001900, $0.001800

LBLOCK/USD Medium-term Trend: Bearish (4-hour chart)

LBLOCK is trading marginally as the coin resumes consolidation above the current support. The price action is dominated by Doji candlesticks. The cryptocurrency has stopped trending because of the presence of Doji candlesticks. The candlesticks dominate the price action resulting in a tight consolidation. The support and resistance levels are not discernable because of tight consolidation. Nonetheless, the price is above the moving average lines indicating a possible breakout. Meanwhile, it is at level 56 of the Relative Strength Index for period 14.

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

On the 1-hour Chart, LBOCK is in a sideways trend as breakout is imminent. On October 14 and 15, LBLOCK rallied to the high of $0.0002300 but was repelled. On each rally, the altcoin will decline above the 21-day line SMA. Today the upward moves have been restricted below the resistance at level $0.0002200. Meanwhile, LBLOCK is trading now in the overbought region above. The cryptocurrency is below the 80% range of the daily Stochastic. The altcoin may decline.

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