Lucky Block Market Prediction: Buyers of LBLOCK/USD Propel the Market Higher

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Lucky Block Market Prediction: December 12

The Lucky Block market prediction is for the buyers to heave the market upwards once again after a successful instance.

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

Key Levels:
Zones of supply: $0002980, $0.0002460, $0.0002150
Zones of Demand: $0.0002040, $0.0001990, $0.0001360

Lucky Block Market Prediction: Buyers of LBLOCK/USD Propel the Market Higher

LBLOCK/USD successfully heaves the market upward beyond the $0.0001990 resistance level after several weeks of consolidation below it. The price eventually makes a breakthrough on the 29th of November with a strong lunge that breaks the resistance with a single strong bullish candle. The buyers have been prevented from gaining direct access beyond a new resistance, and it will be looking to repeat the same trick.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

LBLOCKUSD buyers are finally getting the best of the market. There has been a serious tussle for the dominance of the market. The sellers guided the coin throughout September and into early October.

That bearish control was brought to an end at $0.0001990. Though the market later fell to $0.0001360, buyers grew stronger, and the price has now risen back above $0.0001990.

LBLOCK has been blocked at a new resistance level of $0.0002980, but it shouldn’t take long before the bulls heaved the price above again. The Stochastic has dropped to the mid-line due to the rejection encountered.

LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)

In favor of the buyers, the MA period 30 (Moving Average) remains below the candlesticks, so that means an additional layer of support for the buyers. The MA period 30 on the 4-hour chart is moving laterally through the candles as a sign of ranging in the market.

Lucky Block Market Prediction: Buyers of LBLOCK/USD Propel the Market Higher

The Stochastic lines have dipped into the oversold region, which speaks of an imminent rise. However, this will still be in the process of consolidation. Once more impulse is built in the market, the coin will rise to test the resistance level at $0.0002980 and rise beyond it

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, presented product, or event. We are not responsible for your investment 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.