Lucky Block Market Prediction: May 10
The Lucky Block market prediction is for the coin to overcome the $0.0001620 key level and set itself up for a strong push toward the $0.0001990 resistance level.
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 is currently fluctuating around the $0.0001620 key level as the buyers look to reestablish themselves back above the $0.0001690 demand level. From there, the bulls are expected to charge hard against the $0.0001990 resistance level to break through it.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block has now been ranging below the $0.0001990 resistance level since mid-March up until now. The buyers are still very active and willing to see the price climb beyond the resistance.
The market has also resisted the urge to dive lower. The coin received a blow at the beginning of May, which plunged the price away from the resistance level. However, LBLOCK quickly recovers to $0.0001620.
The market will look to reinstate itself by climbing above $0.0001620 before charging toward $0.0001990 again. There is no significant increase in momentum, but the buyers will be willing to push things through anytime soon.
LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)
The MA period 14 (Moving Average) has lined above the daily candles, which is a result of the drop in price level below the consolidation support level at $0.0001690. The coin remains fluctuating around the $0.0001620 key level as it looks to establish itself back above $0.0001690.
The market momentum, as shown by the Momentum indicator on the 4-hour timeframe, is moving in a lateral direction and is at a negative value. While the MA period 14 on the same timeframe has dropped to move through the candles, the latest candle remains above it nonetheless. The buyers are still pumped up, and every sign points to a strong recovery for LBLOCK once it bounces back.
How To Buy Lucky Block
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