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Lucky Block Market Prediction: June 27
The Lucky Block market prediction is that buyers are strengthening in anticipation of breaking the lower resistance level at $0.0001100 and continuing their upward movement.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001100
Demand Zones: $0.0000880, $0.0000720, $0.0000650
Following several unsuccessful attempts to surpass the major resistance level at $0.0001990, LBLOCK has remained in a state of consolidation. The market is confined between the key level of $0.0001420 as the upper boundary and the key support level of $0.0000880 as the lower boundary. When the decline ended, buyers strengthened their position to take market control.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Currently, in a consolidation phase, Lucky Block attempted to break out of this range last month, which resulted in a drop back to the consolidation support level.
Buyers are becoming more active in the market, triggering another price increase. However, the price is currently held at $0.0001100. This is expected to be minor for LBLOCK to overcome.
The coin has breached the level once, and it’s expected to happen again for a further price increase. The Parabolic SAR (Stop and Reverse) dots have switched below the daily candles, indicating a positive trend.
Market Expectations
The Relative Strength Index (RSI) line has consistently fluctuated in the bearish region since the price dropped below the $0.0001420 resistance. But now it has risen above the midline before dropping to equilibrium. This suggests progress on the path to breaking the $0.0001100 resistance level.
On the 4-hour timeframe, the Parabolic SAR dots have switched above the 4-hour candlesticks as the $0.0001100 level tries to resist the market. Meanwhile, the 4-hour RSI has risen cleanly into the bullish half of its chart. Despite the resistance from the $0.0001100 level, LBLOCKUSD is projected to pierce through once again toward the target of $0.0001990.
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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