Lucky Block Market Expectation: LBLOCK Tests Its Bullish Prowess as It Sets for a Full Rally

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Lucky Block Market Expectation – October 3

The Lucky Block market expectation is for an imminent rally in the market. This is evidenced by the continued testing of the bullish prowess of the price.

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

Key Levels:
Zones of Supply: $0.0008360, $0.0006820, $0.0005000
Zones of Demand: $0.0003130, $0.0004200, $0.0001880
Lucky Block Market Expectation: LBLOCK Tests Its Bullish Prowess as It Sets for a Full RallyIn a bid to recapture its bullish drive, the Lucky Block market embarked on a retracement. However, the retracement was elongated as the price failed to find a suitable support level to spring from. The coin finally found a solid level at the $0.0004200 demand zone. The price then consolidates here for many days. After a while, LBLOCK rises to test the supply level at $0.0006820. Its inability to break through the supply level means that the price drops again to get more strengthened.

Lucky Block Price Forecast: LBLOCK/USD Outlook

Lucky Block has been strengthening itself, between the strong market zones of $0.0005000 and $0.0004200. At the zone, the initial market retracement has been halted and the bullish tendency is being recharged.

After accumulating all through the later part of September, the price displayed its bullish prowess by breaking through to test $0.0006820. The level was not breached and so the market dropped back for more strengthening.

As the price trades to the downside of the MA period 20 (Moving Average), the RSI (Relative Strength Index) line has also dropped below the middle line and it reaches the oversold border. The price of the coin is being brought even lower to allow even more buyers to hop in at a low price.

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

The price of the market has been driven even lower than $0.0004300. This is to be able to accommodate more market investors. As evident On the 1-hour chart, the coin has touched down at $0.0003130 and it is taking an immediate flight back upward as more buyers cling to the market.
Lucky Block Market Expectation: LBLOCK Tests Its Bullish Prowess as It Sets for a Full RallyAs a result, on the 1-hour chart, the RSI has immediately bounced off the border of the oversold region and is now racing back upwards. However, the price still has to first bypass the MA period 20 and then surge past the previous demand levels of $0.0004200 and $0.0005000. It is predicted that the market will eventually rise beyond $0.0006820.

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.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.