Lucky Block Market Prediction: LBLOCK Holds Above $0.0001420 Support, Awaits Rally

Lucky Block Market Prediction: May 16

The Lucky Block market prediction is for an aggressive rally influenced by the buyers having stabilized the market above the $0.0001420 support level.

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

Key Levels:
Supply Zones: $0.0002980, $0.0001990, $0.0001690
Demand Zones: $0.0001420, $0.0001250, $0.0000880

The Lucky Block market has stabilized itself above a key weekly resistance level, the $0.0001420 level (whose influence extends to $0.0001620). This market zone was responsible for the previous major rally in the coin. Lucky Block is now looking for a repeat of that event with the hope of breaching the $0.0001990 resistance level and surging to $0.0002740.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block buyers continue in their tussle to gain an advantage over the bears in the market. While the market has been forced downward, the coin has found stable support at the $0.0001420 key level.

The support level has its influence extending up to $0.0001620 and was responsible for holding the market up the last time the price had an aggressive rally that breached the $0.0001990 resistance.

The price has managed to stabilize above this key level despite the volatile period in the market. The EFI (Elders Force Index) powerline remains closely below the zero level, ready to break up soon.

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

The Bollinger Bands on the daily chart have stretched to accommodate the drop of the candlesticks to the lower support level at $0.0001420. In the short term, the Bollinger Bands have dropped to engulf the candles around the $0.0001420 to $0.0001620 channel. This might mean a bit of ranging before the price surges upward.

In the short term, the EFI power line fluctuates closely around the zero level. This shows a close battle as the buyers tussle to gain control. With a solid demand level underneath, an aggressive rally is anticipated, especially with high market volatility. This will push the price to $0.0002740.

How To Buy Lucky Block

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