Lucky Block Market Prediction: LBLOCK Gears Up for Consolidation Rally

Lucky Block Market Prediction: June 19

The Lucky Block market prediction is for the market to strengthen in consolidation. The price is about to rise as a new ranging cycle begins.

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

The month of March for the Lucky Block market was a very bullish one, as the price broke free of its restrictions and made strong upward forays. However, strong resistance at $0.0001990 changed the market course and curtailed the market rise. Eventually, the coin has to return to $0.0000880, where the bulls are rebuilding from.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The bulls attempted several times to push through the resistance level at $0.0001990. However, their efforts were unsuccessful, as the level remained firm, and each attempt was rebuffed.

The bulls weakened after a while, causing the market to slide through to the $0.0000880 support level. The market initially attempted to rise, but it needs to break a new supply line at $0.0001420.

This is leading the coin to a new consolidation, and the price is set to rise again, starting a new ranging cycle. The Bollinger Bands are now squeezing on the candles as the consolidation persists.

Market Expectations

On the daily chart, the Elders Force Index (EFI) power line has not dropped significantly below the zero level. This shows that the bulls have some grip on the market. On the 4-hour chart, the EFI power line is fluctuating around the zero level as it continues ranging.

The Bollinger Bands on the 4-hour chart have further squeezed onto the candlesticks and will lead the candles as they rise in a new cycle. The market is expected to range for a while before breaking out. Notwithstanding, the market is primed for a bullish breakout back toward the $0.0001990 resistance level.

 

How To Buy Lucky Block

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