Lucky Block Market Prediction: LBLOCK Expected to Rise After Falling into Oversold Territory

Lucky Block Market Prediction: May 4

The Lucky Block market prediction is for the market to rise after it falls into an oversold region. The bulls are intent on restoring the price to a bullish direction.

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

Key Levels:

Supply Zones: $0.0002980, $0.0001990, $0.0001880

Demand Zones: $0.0001570, $0.0001420, $0.0001250

The Lucky Block market is still ranging. The price dropped back to the support level at $0.0001690 after it retested the resistance level. It has led to a drop in the market into the oversold level on the Stochastic Oscillator chart. The price is now due for an imminent rise yet again to assault the resistance level, and the buyers are very optimistic.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block ranges through a channel, with the $0.0001990 level acting as an insurmountable resistance. The $0.0001690 level is supported, but it has had to do less due to the market’s intent to push higher.

The candles are bouncing through the channel. There have been more blows to the resistance than to the support. However, the coin has not been able to pave its way upward.

The candles have dropped back to support after the latest blow at the resistance, which makes the market oversold. The Stochastic has plunged into oversold territory, and we expect an imminent price rise.

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

The MACD chart has likewise shown a gradual downward progression due to the range of the market. The price had hit a high of $0.0002740 before descending into consolidation. The histogram from the MACD indicator has been all bearish, although they are small bars. 

There has been progress made in this short time frame. The Stochastic Oscillator line has lifted off the oversold border and is approaching the midline. The MACD on the 4-hour chart shows a miniature bullish histogram as the lines rise gradually. LBLOCK will aim for the height of $0.0002740 once a breakout occurs.

How To Buy Lucky Block

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