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
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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.