Lucky Block Market Prediction: LBLOCK Consolidates with a Bullish Bias

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Lucky Block Market Prediction: April 27

The Lucky Block market prediction is for the price to continue ranging through the consolidation levels until the bulls take advantage of the market’s bias to drive the coin upward.

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

Key Levels:
Supply Zones: $0.0002980, $0.0002740, $0.0001990
Demand Zones: $0.0001880, $0.0001570, $0.0001420

Lucky Block is intent on maintaining its upward impetus. The price has bypassed several supply zones but has found it difficult to violate the $0.0001990 resistance level. This has forced the coin to accumulate below the level. Nevertheless, the bias for the buyers remains, and the bulls will jump at any opportunity to push through the level.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block started its uptrend movement at a very low price of $0.000106. However, having gained much momentum from the previous market structure, the bulls were well-empowered.

Therefore, the market has embarked on an uptrend, ranging a little before breaking obstinate barriers. This continued till the price rose to $0.0001990. The market has been largely curtailed and is range-bound.

The coin may range for a little while more, but the bias is still for the bulls, who are still pumped up. The Bollinger Bands have closed onto the daily candles as a sign of continuing consolidation.

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

The RSI (Relative Strength Index) line has maintained its stand above the 50 mark despite the continuous price accumulation. The placement of the RSI line above the 50 mark is an indication that the market is biased toward the buy traders.

On the 4-hour chart, the Bollinger Bands have also squeezed onto the candles, and the sign of consolidation is that the candles are bouncing off the lower and upper bands. The RSI line is fluctuating around the 50 mark and has just risen above the half line. A breakout will see the price rise to $0.0002740.

How To Buy Lucky Block

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