Lucky Block Market Prediction: LBLOCK Resorts to Strong Support for its Impulse

Lucky Block Market Prediction: January 27

The Lucky Block market prediction is that the coin may resort to a stronger support level to spring up due to a delay in the market rally.

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

Key Levels:
Zones of supply: $0002980, $0.0002460, $0.0002150
Zones of Demand: $0.0001570, $0.0001360, $0.0001250

Lucky Block retains its bullish intent as it is expected to spring up. However, because the market is under heavy selling pressure, the price may not rise above the trendline. Therefore, it is plausible that the coin will resort to a lower level to achieve its aim. The buyers are targeting a rise to the $0.0002040 level to stabilize themselves before pushing further to $0.0002980.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block is yet to push up from the rising trendline support on which it is hinged. It is partially due to the bears’ growing influence. However, the market might use the situation to its advantage again.

The market tends to flow below the rising trendline. The intent is to spring off at a strong support level, specifically around $0.0001360 to $0.0001250.

To this end, the Stochastic Oscillator lines have dipped into the oversold region while the RSI (Relative Strength Index) line is approaching the oversold border.

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

On the 4-hour chart, the Stochastic Oscillator lines have also dipped into the oversold region. There is an anticipation that the price might rise imminently. The RSI indicator, whose line fluctuates around the oversold region border, signals an imminent rise.

Lucky still retains its bullish intent despite the pressure on it. The coin will likely push upward from the rising trendline. However, if the market doesn’t lift in time, it will resort to a strong support level from where it can bounce off to break the limitations above it. The coin will be looking to spring above the $0.0002040 level immediately after it bounces off the lower support.

How To Buy Lucky Block

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