Lucky Block Market Prediction: LBLOCK Set to Break Above $0.0001990 Resistance

Azeez Mustapha

Updated:

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Lucky Block Market Prediction: March 21

The Lucky Block market prediction is for the price to plot its way past the next major resistance encountered at $0.0001990.

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 Set to Break Above $0.0001990 Resistance

The Lucky Block finally broke out of the lateral movement along the $0.0001250 significant level. The price surged upward to $0.0003366 but then corrected itself back below $0.0001990. LBLOCKUSD is now plotting its way to keep up with its bullish foray. The plan will be to pull back to gain support from the $0.0001420 key level.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block had earlier plummeted beyond the $0.0001250 significant level. However, the buyers found a way to keep the market from overrunning downward and just ranging around $0.0001250.

Afterward, they were able to set the coin into an upward surge that rose highly up to the $0.0003366 supply line. However, as anticipated, the market corrected itself and pulled back below $0.0001990.

LBLOCK is now plotting a pathway back above the $0.0001990 level. To this end, the MACD (Moving Average Convergence Divergence) lines have crossed upward, with bullish histogram bars visible.

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

Currently, there is a sharp increase in volatility in the market, as shown by the ATR (Average True Range) indicator. This is also the same situation on the 4-hour chart, although there has been a dip due to the correction of the market below $0.0001990 and the current retracement.

Lucky Block Market Prediction: LBLOCK Set to Break Above $0.0001990 Resistance

Likewise, on the MACD chart in the 4-hour timeframe, the lines have risen highly above the zero level. Nevertheless, there is a downward crossover due to the retracement in the market. The buyers are exhausted, and their pathway to keep up their bullish project is a pullback to rebound at the $0.0001420 demand level.

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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