Lucky Block Market Expectation: LBLOCK Set for a Bullish Run

Lucky Block Market Expectation: February 15

The Lucky Block market expectation is for the price to gradually build momentum off the ascending trendline.

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

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

Lucky Block has retreated to its ascending trendline after it failed to rise above the $0.0001990 resistance level. One strong point of the market is that it continues to build upward gradually along the ascending trendline. It is expected to continue until the coin gathers momentum, at which point it can push itself upward to test the $0.0001990 resistance level again.

Lucky Block Price Expectation: LBLOCK/USD Outlook

Lucky Block will try again to reach the resistance levels that are limiting the price rise. Its first attempt met with resistance at the $0.0001990 and $0.0001880 resistance levels, respectively.

The coin has now dropped back to the ascending trendline, aided by a confluence point where the $0.0001570 line crosses the ascending trendline. The coin has held its ground to remain above the trendline.

From there, Lucky Block builds up momentum along the trendline until it gathers enough strength for an upsurge. The Momentum indicator has risen sharply at the tip of its line.

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

The candlesticks are trying to push above the middle line of the Envelope indicator. If this occurs, the coin will be able to go further off the Envelope middle line to reach the resistance level of $0.0001990. It is also the situation for the 4-hour timeframe.

Meanwhile, the Momentum indicator on the 4-hour chart has shown much more progress in this short time frame. It shows there is more progress for the buyers in the short term. LBLOCKUSD will continue with this pattern until it can build enough momentum to rise without the aid of the ascending trendline toward $0.0001990.

How To Buy Lucky Block

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