Lucky Block Market Prediction: LBLOCK Establishes a Firm Base and Prepares for a Rally

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Lucky Block Market Prediction: January 2

The Lucky Block market prediction is that the buyers will kickstart a rally after establishing the market above the $0.0002040 support level.

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

Key Levels:
Zones of supply: $0002980, $0.0002460, $0.0002150
Zones of Demand: $0.0001880 $0.0001570 $0.0001360

Lucky Block Market Prediction: LBLOCK Establishes a Firm Base and Prepares for a Reversal

LBLOCK is set for a rally that will again test the $0.0002980 resistance level after it establishes its market above the $0.0002040 support level. The support level initially acted as a supply zone for the coin, but it dropped to allow for more investment.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The Lucky Block market has been running as anticipated. The bullish drive of the market diminished at $0.0002980. Therefore, the coin decided to strengthen itself at a lower price level.

Hence, LBLOCKUSD dropped to $0.0001570, at which point more investors bought into the market. Automatically, this resulted in a surge in price back below $0.0001990. Afterward, $0.0001990 was violated as well.

The market has established itself above $0.0002040 and is now preparing a rally from there. An upward cross from the MA Cross (Moving Average) indicator confirms the intent for a rally.

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

The Stochastic Oscillator lines on the daily chart were falling from the overbought region initially but have been halted at the middle line, and there is now a golden cross upward, it is anticipated that the coin will begin rising from there.

Lucky Block Market Prediction: LBLOCK Establishes a Firm Base and Prepares for a Reversal

The Stochastic line has already risen to the overbought border on the 4-hour chart. Meanwhile, the MA Cross lines have completed their upward cross on the 4-hour chart as the market rises. With the coin firmly stable on the $0.0002040 support, the stage is set for a price rally in the market that will rise to test the $0.0002980 resistance level.

How To Buy Lucky Block

NoteLearn2.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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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.