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Lucky Block Market Prediction: June 12
The Lucky Block market prediction is for the buyers to keep gathering momentum as the price ranges. LBLOCK is expected to break out upwards shortly.
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
LBLOCKUSD has dropped to a lower level after failing to push through the $0.0001990 resistance level. At the lower level, the coin has started ranging. This strategy aims to stabilize the price decline while also bolstering market optimism. It is anticipated that the market will experience a breakout and rebound to $0.0001990.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block is still below the $0.0001990 resistance level that has kept it at bay since April. After a while of struggling to push through the level directly, the price dropped to a lower level at $0.0000880.
At the $0.0000880 price level, the price stopped plunging, but it has also not been able to rise as high as it ought to. The coin has been limited to $0.0001420. A back-and-forth movement shows price accumulation.
As the price is locked in consolidation, the buyers used the opportunity to gain strength. As expected, the Momentum indicator is moving later in a lateral direction due to the consolidation.
Market Expectations
The Bollinger Bands have adjusted between the ranging levels and shrank on the candlesticks to show the price accumulation. This is also the case on the 4-hour chart, but much more so, the Bollinger Bands are moving along with the undulation.
The Momentum indicator on the 4-hour chart is swinging with the market direction and has dropped lower due to the price drop toward the support level in consolidation. The buyers are strengthening themselves and are expected to push for a breakout to the upside very soon, toward the $0.0001990 level.
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.
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