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Lucky Block Market Prediction: June 9
The Lucky Block market prediction is that the price will keep spiking upward to breach its consolidation resistance level.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0002980, $0.0001990, $0.0001690
Demand Zones: $0.0001420, $0.0001250, $0.0000880
LBLOCKUSD buyers are working hard to change the market outlook after a drop in the market. The first thing is that the coin has bounced off the $0.0000880 demand level and anchored itself above the $0.0001100 key level. The next step is to rise above the $0.0001420 resistance, locking the market in consolidation. Success here will lead the coin back toward the $0.0001990 resistance.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCKUSD is trying to correct itself after a bearish period in the market. The price had dropped due to being unable to violate the $0.0001990 resistance level.
The coin slipped through several levels to reach $0.0000880. Nevertheless, the buyers have put a spanner in the works as more investors come into the market at that lower price.
This helps the coin heave itself above $0.0001100, pushing it to rise even higher. After an initial surge, the momentum has dropped slightly and is now moving laterally, as shown by the Momentum indicator.
Market Expectations
The EFI (Elders Force Index) indicator on the daily timeframe shows us that the market is in equilibrium, with the buy-traders having a marginal edge in swinging the direction of the market upwards.
On the 4-hour chart, the Momentum indicator shows an upward trend even as the market shows several green miniature candles. The EFI on the 4-hour chart has also risen to an equilibrium level from a negative value. The coin will keep spiking upward to break the resistance level and then rise to $0.0001990.
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.
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