Lucky Block Market Prediction: LBLOCK Aims Reviving Bullishness

Lucky Block Market Prediction: May 18

The Lucky Block market prediction is for the coin to push above the $0.0001620 key level to revive bullishness.

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 Lucky Block market plans to push upward beyond the $0.0001620 strong key level to revive bullishness. The market was intercepted by the sellers and plummeted below the former support at $0.0001690. The buyers, though, are not letting the market continue in a downward spiral and are fighting back against the bearish tide. Sellers are trying to prevent the price flow back above $0.0001620, but the buyers’ resilience will pave the way for the price rise.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The market has been firing upward, but the first point at which the bulls have gotten exhausted is $0.0001690, where the market has failed to rise higher.

After a while of ranging with $0.0001990 as the upper barrier, the price dropped through several key levels till it landed on the $0.0001250 support level. At this point, buyers are now trying to regroup and launch an attack upward.

The continuous drop of the market till this level has allowed the MACD (Moving Average Convergence Divergence) lines to drop below the zero level on the daily chart.

Market Expectations

The Stochastic Oscillator lines on the daily chart have also dropped to the oversold borderline, having never really risen below the middle line since mid-February. A strong recoil, which will see the price snap back upward and push through the barriers limiting its upward rise, is anticipated.

On the 4-hour chart, the Stochastic line has dropped below the oversold border and is now attempting to push upward above it. As for the MACD indicator, while the line remains below the zero level, the bearish histogram bars are already reducing in size to give way to bullish histogram bars. When this happens, the price will be ready to push through to revive its bullishness towards $0.0002740.

How To Buy Lucky Block

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