Lucky Block Market Anticipation: LBLOCK/USD Seeks Bullish Correction After a Pullback From Its All-Time High

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Lucky Block Market Anticipation – February 7

The Lucky Block market anticipation is for the price to correct its pullback from its all-time high and continue to rise.

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

Key Levels:
Resistance Levels: $0.00280000, $0.00264600, $0.00242800
Support Levels: $0.00197000, $0.00220000, $0.00230000
After bulls were energized from consolidation, Lucky Block successfully broke its all-time-high level over the weekend. The price was resisted at the ATH (all-time-high) level of $0.00220000, but it didn’t take long for it to be violated. What followed was a ground-breaking surge to $0.00264600. At this level, the buyers took a breather, thereby allowing the market a pullback below the former ATH.

Lucky Block Price Prediction: LBlock Market Prospects

It was forecasted in the last article last week that LBLOCK, which has been caught up in consolidation due to the insistence of the bears in the market, would break out of it. The buyers had the upper hand and were determined to push the price higher. What followed was a steady, yet strong upward move.

The market rally led to a break through the consolidation resistance and several significant levels till it ascended to the previous ATH level at $0.00220000. Price seemed to slow down a bit under the now broken all-time-high, but bullish determination brought about a price surge to $0.00264600.

At $0.00264600, there was instant rejection as the bulls tired out. This led to a more than 25% plunge to $0.00197000. But bulls reacted as the price rebounded immediately to begin a correction. The EFI (Elders Force Index) shows that buyers reacted fantastically well to seizing power from the sellers. As a result, we should expect the market to complete its correction towards the new ATH.

LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

The market is now stalling below the $0.00242800 significant level as it seeks to correct the plunge in the market back to 0.00264600. The MA period 50 (Moving Average) is seen to be in support of the market both on the 30-minute chart and the 5-minute chart.
While it assisted the rebound from the dip to the 0.00197000 key level on the 30-minute chart, currently, it is helping to keep the price from falling further below 0.00242800. A successful operation should see Lucky Block regain its new ATH level and even surpass it.

How To Buy Lucky Block

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