Lucky Block Market Prediction: LBLOCK is Ranging on a Large Scale

Lucky Block Market Prediction: March 19

The Lucky Block market prediction is for the price to embark on a bullish run from the $0.0000360 level as it ranges on a large scale.

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

Key Levels:
Supply Zones: $0.0000470, $0.0000600
Demand Zones: $0.0000360, $0.0000260

The pattern of the Lucky Block market helps us see that the market is ranging on a large scale, using $0.0000360 as its ultimate support level. A breakout in early December last year saw a price increase reach $0.0000880 before it was rejected to drop back to $0.0000360. The buyers then gained strength for another rally in February. This time, rejection occurred at $0.00000750 to send the price back to $0.0000360, where we anticipate another rally.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The Lucky Block market is currently traversing a broad-ranging pattern, with $0.0000360 serving as a pivotal support level.

Following an initial breakout in early December of the previous year, the coin surged to $0.0000750 before encountering rejection, and then its market retraced back to the $0.0000360 level.

Subsequent attempts by buyers to reignite momentum in February were met with resistance at the same $0.0000750, prompting a retreat back to the $0.0000360 level, setting the stage for another potential rally.

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

Analyzing the daily chart reveals intriguing crypto signals, with the MACD indicator line dipping below the zero level in response to the price retreat to $0.0000360. Concurrently, the Bollinger Band encompasses the market’s range from $0.0000750 to $0.0000360, with the lower band poised to fortify the support level in anticipation of a reversal, mirroring its role in facilitating resistance.

On the 4-hour chart, the Bollinger Band contracts around the candlesticks as they trend downward, primarily oscillating between the lower and middle bands. Meanwhile, the MACD lines move laterally below the zero level, accompanied by sporadic fluctuations in histogram bars, signalling a potential shift towards bullish momentum shortly, as crypto signals indicate.

How to buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.