Lucky Block Market Forecast: LBLOCK/USD Makes Bullish Revival Amidst Sideways Movement

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Lucky Block Market Forecast – February 9

The Lucky Block market forecast is for a bullish revival that will break the continuous trend of sideways movement in the market.


LBLOCK/USD Long-term Trend: Ranging (30-Minute Chart)

Key Levels:
Supply Zones: $0.00280000, $0.00264600, $0.00242800
Demand Zones: $0.00230000, $0.00220000, $0.00197000
Lucky Block Market ForecastLBLOCK is currently experiencing a silent market which doubles down to a sideways movement in the market. The coin was seen to apply pressure toward the $0.00242800 resistance level to break through it. This was unsuccessful, and we see the price drop sharply to $0.00220000. A long period of silence followed as the price stayed glued to the support level. Today, a bullish resurgence is possible as the price rises to retest $0.00242800.


Lucky Block Price Prediction: What to Expect From LBLOCK/USD?

The Lucky Block market is generally a bullish one. This can be seen as the coin glided upon an uptrend line from around $0.00137000 till it rose to break its existing all-time high level and set a new one at $0.00264600.

However, from the new all-time high, the price tried to pull back to renew its energy to continue its uptrend, but bears are now taking advantage of the market pullback to interrupt the uptrend movement. As a result, the price has dropped off the trend line below $0.00242800.

The market is now seen continuing in a silent sideways movement above the former all-time high level as the price struggles to break free. The Relative Strength Index line has surged from oversold to overbought to show the renewal of bullish strength. The Parabolic Stop and Reverse confirms this as it switches its dots below the 30-minute candlesticks.


LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

On the 5-minute chart, market agitation comes at intervals amidst silence in the market. Yesterday, from 11:50 pm to 1:00 am, there was agitation in the market as the price strived to break out. There was an equal and corresponding force from the bears to keep the market quiet.
Lucky Block Market ForecastThe silent sideways market continued till noon today when bulls surged again towards the resistance level once again to break it. This is evident in the surge of the RSI line from a bearish position into the overbought region. It remains to be seen if the price will eventually break free this time. The price will rise towards $0.00264600.

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.