LBlock was earlier in the oversold region of the market as it continues to build strength on the market surge. About 48 hours ago, the cryptocurrency regained bullish momentum as it continued the upside momentum. Buyers have been attracted to the lower levels of prices. The upward movement will be accelerated if the bulls overcome the resistance at the level of $0.001000.
LBLOCK Price Statistics Data
LBLOCK price now – $0.0008405
LBLOCK market cap – $34, 248.09
LBLOCK circulating supply – 40.77B LBLOCK
LBLOCK total Supply – $84,051,538
LBLOCK Coinmarketcap ranking – #3569
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)
On July 13, LBlock dropped to the low of level $0.0007700 but rebounded to reach the high of $0.0008677. The crypto’s price bars are above the moving average lines indicating further upward movement of the cryptocurrency. The current uptrend is facing an initial resistance at the high of 0.0008677. A break above the initial resistance will propel the altcoin to reach the high of $0.0009500. Further upward moves of the coin are likely as it is at the 70% range of the daily of the stochastic. It indicates that the market is in a bullish momentum.
LBLOCK/USD Medium-term Trend: Bearish (15-Minute Chart) – Builds Strength on the Market Surge
LBlock price is trading between the moving average lines as it continues to build strength on the market surge. The crypto’s price is making a series of higher highs and higher lows. At the recent high, the altcoin is forming a higher highs pattern. The price will make a pullback above the moving average before a resumption of the uptrend. The cryptocurrency is pushing to the upside as it approaches the next resistance at $0.0009500.
