Lucky Block Market Forecast: LBLOCK Recovers from Demand Zone

Lucky Block Market Prediction: January 30

The Lucky Block market forecast is that the price will finally begin its rally after stooping low and gaining strength at the $0.0001420 weekly demand level.

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

Key Levels:
Zones of supply: $0002980, $0.0002040, $0.0001880
Zones of Demand: $0.0001570, $0.0001360, $0.0001200

LBLOCKUSD buyers are still lifting the market to continue its tapering movement, leading to a breakout above the $0.0002980 resistance level. The rising trendline has been unable to spark the needed support for a rally, and the coin has resorted to a strong demand level at $0.0001420, where the price is now recovering.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

LBLOCK is on the verge of kicking off its long-awaited rally. The coin has long depended on its rising trendline to push back upwards. However, this has been disrupted by the bears.

After several days of hanging on to the rising trendline, the market decides to ease the building pressure by following the trend. This drops the coin to the $0.0001420 strong demand level, from where it kicked off its rally.

The EFI indicator shows that the influence of the buyers has not waned too much, in that the power line has not dropped too far below the zero level and is now recovering and back above the zero level.

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

Still, on the daily chart, despite the MACD (Moving Average Convergence Divergence) lines dropping below the zero level, the pattern of their movement coupled with the histogram bars shows market dynamics that suggest a tapering movement, which is in favor of an eventual breakout to the upside.

The 4-hour EFI and MACD charts indicate that the market is swaying to the downside. This is due to the drop of the price below the rising trendline. Since the coin has started its recovery after bouncing off, the indicators are set to switch to bullish, and that will mean the EFI climbing to a positive value. The rally should lift the coin to around $0.0002040.

How To Buy Lucky Block

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