I run a basic Bash shell that i use to help with my hosting support role. I set up Certbot for generating SSL certs, but it is no longer connecting to acme-v02.api.letsencrypt.org
A connection timeout does not sound like any block from Let's Encrypt. I'm not sure what the error message would be if your IP address was blocked, but I'm preeeetty sure it's not a timeout. It helps debugging while Certbot is paused with the challenge(s) in place.
Otherwise it'll indeed end at the hop just before the destination. When I do a regular traceroute without any options, the last hop seen is hop nr 5. But with the above command, the traceroute doesn't show anything for hops 1 through 5, but hop 6 is suddenly the final destination and succeeds.