Lucky Block Market Forecast: LBLOCK/USD Soars Upward From Depression

Updated:

Lucky Block Market Forecast – March 16

The Lucky Block market forecast is for the coin to push further upward after the market bulls rally from depression.


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

Key Levels:
Resistance Levels: $0.00662680, $0.00540160, $0.00393250
Support Levels: $0.00336565, $0.00264600, $0.00220000
Lucky Block Market Forecast: LBLOCK/USD Soars Upward From Depression Lucky Block adopted a previously used tactic of dropping to lower price levels to permit the entry of more buy traders. This started on the 14th of March when the price slipped downward out of consolidation. The market broke through many key levels to reach below $0.00220000. From this point, with the entry of many buyers, the coin was empowered for an upsurge, which drove the price about 107% above $0.00393250.


Lucky Block Price Prediction: LBlock Market Prospects

A previous upsurge led to a prolonged ranging period in the market. This comes as bears oppose buyers’ intention to reclaim the market and return it to its all-time high.

A two-part ranging phase commenced in which the price was first found cranking between $0.00662680 and $0.00540160. Afterwards, it switched its path to transform $0.00540160 into resistance with a new support level at $0.00393250.

The market decided to break the structure by dropping totally below the consolidation to prompt more buyers to come on board for an upsurge. This is precisely what has happened. Several dots of the Parabolic SAR (Stop and Reverse) suggest a strong uptrend. The Stochastic has risen strongly to the oversold region. A pullback will precede further upward movement.


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

The 5-minute chart shows the level that the buy traders have overcome and how they did it. The price bounced off $0.00220000 and soared upward to $0.00336565, where it met resistance. After a brief sideways movement, the price found a way through and soared upwards past $0.00393250.
Lucky Block Market Forecast: LBLOCK/USD Soars Upward From Depression A retracement followed as the level also acted as a resistance. A sideways movement has also commenced, and it is expected that the market will breakthrough, with its sights firmly fixed on $0.00662680.

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.