Lucky Block Market Prediction: LBLOCK Strengthens in Consolidation

Lucky Block Market Prediction: March 29

The Lucky Block market prediction is for the buyers to keep strengthening themselves in consolidation. The price is expected to push higher after this stage.

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

Key Levels:
Zones of supply: $0.0002890, $0.0001880, $0.0001620
Zones of Demand: $0.0001420, $0.0001200, $0.0001250

Lucky Block made a strong upsurge on the 18th of March to put away every bearish pressure tying it down. However, the market has to retrace as the buyers try to regain their strength. The price has dropped above the $0.0001420 support level and is now ranging with $0.0001620 acting as resistance. This is the phase needed for the bull to recharge. Afterward, the coin is expected to continue on a steady rise.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block had its long-awaited upsurge when it shot upward on the 18th of March. However, this upsurge saw the buy traders expend so much of their energy as the market rose more than 200%.

Predictably, the coin pulled back and stabilized at the $0.0001420 demand level. At this point, the bulls have strengthened enough only to halt the pullback; they still have more to do to set the price in an upward motion.

A consolidation between $0.0001420 and $0.0001620 is just what is needed to revive the bullish resolve of the market. The EMA period 9 (Moving Average Exponential) has slipped from below the daily candles to sliding through the candles.

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

Despite the strong retracement in the market, the MACD (Moving Average Convergence Divergence) lines on the daily chart are above the zero level. The histogram bars remain bullish, too. This shows that while the price is ranging, the bulls have the upper hand in the market. It is confirmed that the MACD lines on the 4-hour chart are driving up to the zero line with bullish bars forming.

Like the daily chart, the EMA period 9 on the 4-hour chart, which was initially underlining the candles, could not sustain that amid the strong retracement, but the line is instead undulating through the candles. While this means the buy traders don’t have as much influence as before, they still have the most control over the market. We can expect LBLOCK to move toward $0.0001990 soon.

How To Buy Lucky Block

Note: Learn2.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.