Lucky Block Market Prediction: LBLOCK Market’s Recovery Gains Momentum

Lucky Block Market Prediction: October 23

The Lucky Block market prediction is for the price consolidation to stretch through the new week with the same objective of gaining bullish momentum for a rally.

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

Key Levels:
Supply Zones: $0.0001250, $0.0000880
Demand Zones: $0.0000260, $0.0000200

The LBLOCKUSD market remains in its consolidation state to attract more investors. However, towards the end of last week, the bears rushed in to influence the price but were halted. The consolidation state of the market somewhat gives the market some stability. Eventually, the price only dropped marginally below the $0.0000260 support level. By the beginning of a new week today, the coin had recovered back above the $0.0000260 key level.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The LBLOCKUSD market continues to maintain its consolidation phase, effectively attracting potential investors.

However, towards the end of the previous week, bearish pressures attempted to influence the price but were ultimately thwarted. The consolidation phase provides the market with much-needed stability.

Despite the bearish influence, the price only experienced a minor drop below the key $0.0000260 support level. As a new week commences, the coin has rebounded and is once again trading above the critical $0.0000260 level.

Market Expectations

On the daily chart, the Stochastic Oscillator lines briefly dipped into the oversold region border due to bearish activity. Currently, these lines are trending upward, approaching the middle line. Simultaneously, the EFI (Elders Force Index) indicator remains relatively unaffected, with the power line rising and approaching the equilibrium point around zero.

The 4-hour timeframe provides compelling evidence of the ongoing bullish momentum. The Stochastic Oscillator lines have risen steadily, almost reaching the oversold region border. The EFI indicator shows its power line positioned around the equilibrium level and slightly in positive territory. LBLOCKUSD’s recovery is well underway, and shortly, we can anticipate a more significant price increase.

How To Buy Lucky Block

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