This is Lutsenko`s second gold medal after finishing the 43-km ITT race in 55 minutes and 37.13 seconds.
Lutsenko had won a gold medal in the men`s individual road race on Thursday.
Athlete from Uzbekistan Muradjan Khalmuratov finished second after Lutsenko to win a silver medal, clocking 57 minutes and 10.52 seconds.
The bronze medal was won by Japan`s Fumiyuki Beppu, who finished the race in one minute and 42.07 seconds behind the champion.
Indonesia`s Aiman Cahyadi finished seventh, clocking 59 minutes and 36.32 seconds.
Reporting by Aditya Eko Sigit Wicaksono
Editing by Yoseph Haryadi