Lucky Block Market Prediction: LBLOCK Maintains Uptrend Despite Current Pullback

Azeez Mustapha

Updated:

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Lucky Block Market Prediction: March 24

The Lucky Block market prediction is for the price to obey its rising trendline and redirect itself to continue with its uptrend course.

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

Key Levels:
Zones of supply: $0.0002890, $0.0001880
Zones of Demand: $0.0001420, $0.0001200

Lucky Block Market Prediction: LBLOCK Maintains Uptrend Despite Current Pullback

Lucky Block has broken out and is currently in the process of stabilizing itself so that it can begin making consistent and constant upward moves. The market is currently retracing, but a rising trendline is in place to reroute the price upward. If everything goes as anticipated, the price will make a higher low, then go ahead to make a higher high, and then another higher low, and so on as it rises upward.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block recently had a price surge that pushed the price over 200%. However, the price immediately corrected itself back to around $0.0001880. After that, there was a further pullback.

The pullback is not expected to deter the buyers because the market remains on an uptrend despite the pullback. The price is expected to obey the rising trendline by gradually redirecting itself to continue in an uptrend.

The MA period 14 (Moving Average) aligns underneath the daily candles with the $0.0001420 support level and the rising trendline to give an impermeable layer from which the price will bounce back upward.

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

The Stochastic Oscillator lines seem to be making a higher high at the borderline of the oversold region of the Stochastic chart. The lines are then expected to rally upward, bringing the market up with them. The Stochastic Oscillator lines are already rising in the short-term frame and have reached the midline.

Lucky Block Market Prediction: LBLOCK Maintains Uptrend Despite Current Pullback

Incidentally, the MA period 14 is above the candlesticks on the 4-hour chart, but it is closely above it and will easily be broken by the market to the upside when the price begins rallying. The price is expected to surge up to break the barriers at $0.0001880 and then rise further.

How To Buy Lucky Block

NoteLearn2.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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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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