Lucky Block Market Anticipation: LBLOCK/USD Bulls Drive the Market Out of Consolidation

Updated:

Lucky Block Market Anticipation – February 15

The Lucky Block market anticipation is for the coin to regain and surpass its highest level of $0.00746260.


LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Supply Zones: $0.00522780, $0.00701560, $0.00746260
Demand Zones: $0.00393250, $0.00457480, 0.00336565
Lucky Block Market Anticipation: LBLOCK/USD Bulls Drive the Market Out ofLucky Block endured a short period of consolidation, after which bulls came flying out of their blocks. The coin did not waste much time in consolidation as buyers were able to shrug off the influence of the bears. The $0.00393250 support level was where the rally kicked-started. The price climbed above the mid-range line at $0.00457480 and sprang past the resistance at $0.00522780. The market is working to regain its highest level at $0.00746260.


Lucky Block Market Anticipation: What to Expect From LBLOCK/USD?

LBlock is currently flourishing under the influence of bulls. The past few weeks have witnessed a tremendous rise in the market’s price. This has led to the attainment of the highest level of $0.00746260.

Immediately after the price rose to $0.00746260, the market witnessed a rejection that plunged the coin below the $0.00522780 significant level. This market, thus, remained in consolidation for more than two days.

Buyers kept their momentum, and slowly but steadily, Lucky Block violated the resistance, also defying $0.00614690 on its way to regaining $0.00746260. The MACD (Moving Average Convergence Divergence) demonstrates the inherent strength of buyers, which began on the 13th of February. The lines remain above the zero level.

Lucky Block Market Anticipation: LBLOCK/USD Bulls Drive the Market Out of LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

On the 5-minute chart, the price is now negotiating another barrier at the $0.00701560 significant level. LBLOCK has been rejected twice, but bulls are on course for a third retest at the resistance level, which, when successful, will lift the price to $0.00746260 and beyond.

The MA Cross (Moving Average), which consists of the MA periods 9 and 26, is about to cross upward to commence the third retest. The MACD lines have already crossed upwards and switched to bullish bars in the buyers’ favour.

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.