LBlock is in a downward correction as it reclaims $0.0009534 high. The altcoin attempts to break above the 21-day line SMA. On June 24, the bulls failed to keep the bullish momentum above the moving averages which resulted in the current downtrend,
LBLOCK Price Statistics Data
LBLOCK price now – $0.0009626
LBLOCK market cap – $38,740,989
LBLOCK circulating supply – 40.77B LBLOCK
LBLOCK total market cap – $96,258,864
LBLOCK Coinmarketcap ranking – #3847
Key Levels:
Resistance levels: $0.0016, $0.0018, $0.0020
Support levels: $0.0014, $0.0012, $0.0010
LBLOCK/USD Medium-term Trend: Bearish (1-hour chart)
LBlock/USD made positive moves to the previous highs. The crypto’s price broke above the 21-day line moving average but pulled back to retest it. Later the bullish momentum extended above the 50-day line SMA. LBlock is likely to resume trending as the price bars are above the moving averages. There is the possibility of further movement of the coin. At the same time, the cryptocurrency is approaching the overbought region of the market. The current uptrend may face rejection at the recent high. However, in a strong trending market, the overbought condition may not hold.
LBLOCK/USD Medium-term Trend: Bearish (15-Minute Chart) – As It Reclaims $0.0009534
The coin has also risen significantly to the previous high as it reclaims the $0.0009534 high. The altcoin rebounded above the 21-day line SMA to resume uptrend. After a retest at the 21-day line SMA, the bullish momentum extended above the 50-day line SMA to complete the bullish run. LBlock is trading at $0.0009592 at the time of writing. The coin is above the 80% range of the daily stochastic. It indicates that the market has reached the overbought region.
