Lucky Block Market Expectation: LBLOCK Takes Another Step in an Upward Direction

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Azeez Mustapha

Updated: 13 October 2022

Lucky Block Market Expectation: September 27

The Lucky Block market expectation is for the price to begin to run more in an upward direction after taking the first step of springing off the $0.0004200 support.

LBLOCK/USD Long-Term Trend: Bullish (4-hours Chart)

Key Levels:
Zones of supply: $0.0008360, $0.0006820
Zones of Demand: $0.0001878, $0.0005060
Lucky Block Market Expectation: LBLOCK Takes the First Step in an Upward Direction
Lucky Block has taken the first step towards breaking the bearish trap by springing off the $0.0004200 support level. The price has been aligning with a downtrend line in a bid to find solid support to leverage on. The coin entered a critical zone over the weekend and the structure of the market may have already begun to be fruitful as LBLOCK takes the first steps out of the confinement.

Lucky Block Price Forecast: LBLOCK/USD Outlook

The long-drawn saga of the Lucky Block market may be coming to an end after the buyers have shown early signs of a bullish revival. The coin finally finds a footing in a critical zone from which it can spring upward.

The RSI (Relative Strength Index) line, which had already been subsumed in the oversold region, has taken a huge turn in the upward direction and crossed over the oversold border.

The upward cross of the MA Cross lines (Moving Average) on the 4-hour timeframe will give further confirmation of the bullish turn of the Lucky Block market.

LBLOCK/USD Medium-Term Trend: Bullish (1-hour chart)

The 1-hour timeframe gives a more positive outlook on the market. The coin is seen to test the support several times before taking a bend upward. This points to the strength of the support level, which helped the upturn of the market. The MA Cross has crossed upward in this short time frame.
Also, the lines of the MA Cross are now aligned below the candlesticks to act as support. Furthermore, the RSI indicator gives more cause for optimism. Its line has risen steadily from the oversold region up to the border of the overbought region. The price is expected to follow this trajectory to move out of the critical zone before driving more forcefully upward towards $0.0008360.

How To Buy Lucky Block

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