LBLOCK Market Forecast: Lucky Block Takes First Steps Out of Consolidation

Updated:

LBLOCK Market Forecast – March 1

LBLOCK market forecast is for the market to drive upward towards the consolidation resistance level and breakthrough it.


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

Significant Levels:
Market Supply Zones: $0.00746260, $ 0.00675750
Market Demand Zones: $0.00614680, $0.00569450
LBLOCK Market Forecast: Lucky Block Takes First Step Out of Consolidation Lucky Block is currently trying to navigate its way through a consolidation block. The price avoided a drop below the $0.00569450 support and has risen to $0.00614680, where the market is currently fluctuating. The next step is to stabilize above this level to drive forcefully towards the resistance to test it for the third time.


LBLOCK/USD Price Prediction: Market Expectations for Lucky Block

The market continues recovering from a bearish stronghold as it rebounds from the $0.00336565 significant support level. A short period of accumulation led to a pump to $0.00522780.

The next step was to push up beyond multiple key levels to reach $0.00675750. At this point, the LBLOCK/USD suffered a sharp rejection that sent it spiralling downward. However, the price was able to get a foothold at the $0.00569450 support level.

The coin has since taken positive steps to gather momentum to continue its upward trajectory. The RSI (Relative Strength Index) at the 49 mark shows that the market is currently in equilibrium. Meanwhile, the MA period 50 (Moving Average) solidifies the support for the price.


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

On the 5-minute chart, the market fluctuates around the 0.00614680 critical level and the MA period 50 as it seeks stability above the level. Meanwhile, the RSI in this short time frame has dropped to 36, just above the oversold border. This means there is an imminent price reversal in view.
LBLOCK Market Forecast: Lucky Block Takes First Step Out of Consolidation The next step for Lblock is to stabilize above the $0.00614680 critical level, from which it is expected to drive upward to break the consolidation resistance on its way to reaching $0.00746260.

How To Buy Lucky Block

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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.