Lucky Block Market Forecast: LBLOCK/USD Pulls Back to Initiate Price Pump

Updated:

Lucky Block Market Forecast – February 11

The Lucky Block market forecast is that the price will soon initiate its upwards rally after pulling back to a significant price level.


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


Key levels:
Resistance Levels: $0.00675750, $0.00578480
Support Levels: $0.00522780, $0.00457480
Lucky Block Market Forecast: LBLOCK/USD Pulls Back to Initiate Price Pump Lucky Block recently skyrocketed to a significant level at $0.00522780. The coin attempted to rise even further from this level but met stiff resistance at the immediate higher price level of $0.00578480. A sustained consolidation below this level from the 7th to the 10th of March did not help it breach the resistance. As a result, the market has now pulled back to the underlying fundamental level from where it can drive forcefully to bypass the key level to reach $0.00675750.


Lucky Block Price Prediction: LBlock Market Prospects

LBLOCK/USD has been working to stabilize its market since it fell short of its all-time high and bears hijacked the market. The first few days after the price plunged were very volatile as bears and bulls battled to gain market control.

Buyers have regained the upper hand over the market despite the lingering effect of the bears on the coin. This has prevented the price from plunging excessively. In an attempt to re-initiate the predominant bullishness in the market, the price has surged to $0.00522780.

Failure to breach the $0.00578480 resistance has informed a pullback to a lower price level at $0.00457480, where LBLOCK can have more allowance for an upsurge. The price is now trading closer to the lower Bollinger Band, which should help rebound the price upward.


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

The ATR (Average True Range) indicator on the 5-minute chart shows that increased volatility accompanied the price pullback to $0.00457480 as bears tried to hijack the market and plunge it below the critical level.
Lucky Block Market Forecast: LBLOCK/USD Pulls Back to Initiate Price Pump However, the buyers have steadied the market above the $0.00457480 support level. Lucky Block bulls are now patiently waiting for the right moment to strike so that the price will breach all key levels on its way to $0.00675750.

How To Buy Lucky Block 

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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.