Lucky Block Market Prediction: LBLOCK Spikes Right Above the $0.0002040 Resistance Level

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Lucky Block Market Prediction: December 30

The Lucky Block market prediction is for the buyers to grow stronger after the market spikes above and breaks the $0.0002040 key level.

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

Key Levels:
Zones of supply: $0002980, $0.0002150, $0.0001990
Zones of Demand: $0.0001570, $0.0001360, $0.00012000

Lucky Block Market Prediction: LBLOCK Spikes Right Above the $0.0002040 Resistance Level

The Lucky Block market is going according to plan. The price has been significantly strengthened after the coin brought in more buyers at a reduced price. Right now, the market has spiked upward and passed the $0.0002040 resistance level. The bulls will not leverage this success to bounce higher from the $0.0002040 support and rise higher to test the $0.0002980 resistance.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The Lucky Block market has found it increasingly difficult of late to directly break down the barricade set at the $0.0002980 price level.

As a result, the coin has employed a method whereby it has reduced its trading price to a lower level. The intent of this is to allow more investment into the coin at an affordable price.

The method employed is paying off tremendously, as the price has spiked back upward above the $0.0002040 resistance. The Parabolic SAR (Stop and Reverse) has acknowledged the spike with a few dots below the daily candles.

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

The MACD (Moving Average Convergence Divergence) indicator has reacted sharply to the spike in the price with a golden cross from below the zero level. Bullish candles have sprouted up as well to confirm the price surge. There is a much more positive indication on the 4-hour chart. The MACD lines have risen highly above the zero level.

Lucky Block Market Prediction: LBLOCK Spikes Right Above the $0.0002040 Resistance Level

In accordance, the Parabolic SAR has a long line-up of dots below the 4-hour candlesticks. There are a few dots above the candles, which is a result of the price pullback. Notwithstanding, the buyers are pumped up and, having converted $0.0002040 into support, they will use that to rise even higher and break the $0.0002980 resistance.

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.