Lucky Block Price Prediction: LBLOCK/USD Market Is Ranging Above the $0.0009490 Support

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Lucky Block Price Prediction – February 4

The Lucky Block price prediction that the price will keep consolidating above the $0.0009490 support level till the market forces act on it.


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

Critical Levels:
Supply Levels: $0.001530, $0.0014600, $0.001370
Demand Levels: $0.0011500, $0.0009490, $0.0007300
Lucky Block Market Forecast: LBLOCK/USD Market Is Ranging Above the $0.0009490 LBlock, following the last prediction, has broken out to the upside of its triangle, though in a subdued manner. This is due to the continual resistance by the bears. The upward movement in the market has been halted, albeit temporarily, as LBLOCK/USD currently finds itself confined to a consolidation phase after it meets solid resistance to its uptrend at the $0.0014600 significant level.


Lucky Block Price Prediction: LBlock Price Anticipation

The market entered the month of February on a bearish note. However, the bulls have been up to the task. Buyers have set up the barricades at $0.0009490. From the $0.0009490 key support, they managed to overturn the market by using a symmetrical triangle pattern.

However, the upwards momentum of the market has been blocked at the $0.0014600 resistance level. This has led to a drop in the market back to the support level of $0.0009490. The wavy nature of the market movement suggests that the price is now consolidating.

Lucky Block has bounced off the confluence of the lower border of the Bollinger Band and the $0.0009490 support. Price is currently negotiating the middle band as bulls feel energized. The bullish motivation in the market is confirmed by the MACD (Moving Average Convergence Divergence) indicator whose line has crossed upward from below the zero level.


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

Lucky Block is set to break through several key levels to re-reach the resistance at $0.0014600. On the 5-minute chart, the candles are already tugging at the upper border of the Bollinger Band with consecutive bullish candles.
Lucky Block Market Forecast: LBLOCK/USD Market Is Ranging Above the $0.0009490 The MACD indicator has switched to bullish histogram bars and its lines have crossed and risen above the zero level. This shows that in the medium, Lucky Block bulls are already rallying towards the resistance level at $0.0014600.

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.