Lucky Block Price Prediction – July 22
Today, LBLOCK bounced off the current support as the bulls moved past the bears. The cryptocurrency is approaching the high of $0.001137. With the recent price rebound, the altcoin will break out of a downward correction if the bullish momentum continues.
LBLOCK Price Statistical Data
LBLOCK price now – $0.001109
LBLOCK Market Cap – $44,892,059
Power supply in circulation LBLOCK – 40.77B LBLOCK
Total LBLOCK Supply – $110,870,241
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)
Prior to the recent rebound, LBLOCK had consolidated above $0.0009360 since June 13th. On July 12, the bulls bought the dips as the altcoin resumed its rise. The bulls crossed the 21-day SMA line but failed to break the 50-day SMA line. The crypto was moving sideways for three days between the moving average lines before the breakout. On July 22, the altcoin bounced above the $0.001019 level to reach the high of $0.001150. The price rebound broke through the resistance at $0.001100. The cryptocurrency is experiencing a minor retracement. The uptrend will resume if the LBLOCK finds support above $0.001100. On the upside, the next target price will be the $0.1400 high, if the uptrend resumes.
LBLOCK/USD medium-term trend: bearish (15-minute chart)
On the 15-minute chart, the altcoin rebounded and returned to the 21-day SMA line as the bulls moved past the bears. On the downside, if the altcoin retraces and finds support above the 21-day SMA line, the altcoin will resume a new uptrend. Along the same lines, the crypto fell into the oversold region of the market. Buyers are likely to be drawn into the oversold region to drive up prices.
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