Lucky Block Market Prediction: Bullish Momentum Drives LBLOCKUSD to Surge Upward

Lucky Block Market Prediction: May 23

The Lucky Block market prediction is for the price to push even higher beyond $0.0001990 after an initial upsurge

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

Key Levels:
Supply Zones: $0.0002980, $0.0001990, $0.0001690
Demand Zones: $0.0001420, $0.0001250, $0.0000880
The LBLOCKUSD bullish momentum has been tempered at the $0.0001990 resistance level. This then leads to a drop in the price to as low as $0.0000880. Nevertheless, this was also advantageous to the coin as more investors jumped into the market at a low price. This culminates in a string upsurge, which the buyers are expected to build on to breach the $0.0001990 resistance.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The Lucky Block market has remained bullish-oriented since mid-March when the first upsurge occurred. However, the coin has since been below the $0.0001990 resistance level.

Several attempts to breach the key level from close range were made, and after a while, from a lower level, all to no avail. Then bears began taking advantage to push the price to $0.0000880.

However, the bulls have struck back with an upward spike that pierces beyond the $0.0001990 resistance level. This has certainly beefed up the Stochastic lines towards the midline.

Market Expectations

The EFI (Elders Force Index) power line has reacted to the upsurge and risen high above the zero level on the daily and 4-hour timeframes. The bulls have been revived and are working actively in the background to push the market even higher.

On the 4-hour timeframe, the Stochastic Oscillator lines have reached the midline, where they are currently reacting. The upsurge in the market was due to more investment at a lower price. We can even expect to see more increases in price until they breach the resistance.

 

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.