LBLOCK Market Forecast: Lucky Block Holds Above a Critical Level for a Rally

Updated:

LBLOCK Market Forecast – February 28

LBLOCK market forecast is for the coin to retain its grip at the $0.00569450 critical level, from where it will push for more upside movement.


Lucky Block Long-Term Trend: Bullish (30-Minute Chart)

Critical Levels:
Market Supply Zones: $0.00675750, $0.00746260
Market Demand Zones: $0.00522780, $0.00569450
LBLOCK Market Forecast: Lucky Block Holds Above a Critical Level for a Rally The LBLOCK market has been striving for more upward movement in recent times, breaking through several critical barriers until it encounters a temporary stop at $0.00675750. This is followed by a drop in price. Nevertheless, bulls quickly created support for the market at a critical level of $0.00569450. Despite failing a second test to break the barrier at $0.00675750, the price now holds above the $0.00569450 support from where it aims to push upward.


LBLOCK/USD Market Forecast: What Next for LBlock?

Lucky Block is now recovering from the price dip of February 24th, which happened with much volatility. The first step was to accumulate between key levels before surging above $0.00522780.

A slight fluctuation occurred at this level before the price pushed further upward. The market will have to cross a new barrier at $0.00675750, tested twice without successfully breaking through. Lblock is currently holding above $0.00569450 for a potential market rally.

The ATR (Average True Range) indicator shows that market volatility has been at a low level despite the upward push. However, the Parabolic SAR (Stop and Reverse) suggests that the market is still positioned for a pump as it aligns its dots below the daily candles.


Lucky Block Medium-Term Trend: Bullish (5-minute chart)

The 5-minute chart shows that the market remains tenacious in holding above the $0.00569450 fundamental level. When the price dropped from an unsuccessful retest of the $0.00675750 fundamental level, it initially dropped below $0.00569450 but then surged above it with increased volatility.
LBLOCK Market Forecast: Lucky Block Holds Above a Critical Level for a Rally The Parabolic SAR on the 5-minute alternates around the candles as the market remains relatively silent. This accumulation stage is set to lead to a price pump toward a higher level of $0.00746260.

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.