Lucky Block Market Expectation: LBLOCK Breaks Out Strongly to the Upside

Lucky Block Market Expectation: April 3

The Lucky Block market expectation is that the price to stabilize after its latest upsurge. This is expected to lead to another bullish drive.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Supply Zones: $0.0002980, $0.0001990, $0.0001880
Demand Zones: $0.0001570, $0.0001420, $0.0001250

Lucky Block has surged upward again. This is a replica of its previous move on March 9th, before the coin dropped back b $0.0001420. The present upsurge helps the coin rise more than 100% this time around. Just like the previous one, the price has retraced to a key level, this time at $0.0001880, where it is expected to stabilize before driving toward $0.0002980.

Lucky Block Price Expectation: LBLOCK/USD Outlook

Lucky Block buyers made a statement by spiking the market upward by around 200% on March 19th. The price would eventually drop back into a correction as the buyers tried to regain strength.

The pullback was stationed firmly above $0.0001420 as the market tried to rebuild momentum. After about a week of price accumulation above this demand level, the buyers have opened up their stride to drive the price higher by more than 100%.

However, as in previous times, the price has pulled back from the correction. This time, the landing price level is $0.0001880. As expected, the momentum level has risen highly, even to a point not reached this year.

LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)

The RSI (Relative Strength Index) line has spent the better part of its time this year below the 50 mark on the daily chart. However, the first surge of March 19th pushed the line above the 50 mark though, the line pulled back to the midline, and this second surge pushed it into the overbought region. Nevertheless, the line has dropped back below the overbought zone.

The same with the RSI line on the 4-hour chart; the line has risen above and dropped back firmly on the 50 mark. The line will likely hold here as the price holds above the $0.0001880 demand level. A period of market accumulation is expected here before the buyers take another stride upward to break the $0.0002980 resistance level.

How To Buy Lucky Block

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