Lucky Block Market Prediction: LBLOCK to Continue Rallying Following Correction from Spike

Lucky Block Market Prediction: March 20

The Lucky Block market prediction is for the coin to keep rallying aggressively after correcting itself from an initial spike that reached $0.0003366.

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

The plan of the Lucky Block buyers has come to fruition after the market survives the equilibrium stage and evades the triangle structure. This led to a pathway for the coin to attack, and the result is a strong spike in the price to $0.0003366. The market has since corrected itself back below $0.0001990, but the bullish fervor will help LBLOCK build back up to the price level it initially spiked at.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block buyers have been able to gather a lot of momentum and volatility from its time ranging through the triangle pattern for several weeks.

However, as the formation reaches a maturity stage, the price bursts below the structure instead of above it. Nevertheless, the buyers managed the situation to keep the price at bay.

Furthermore, they kept the market in equilibrium for a while to sidestep the structure. This led to a strong upward spike. The Stochastic jumps from oversold to above the middle line and dropped back below it.

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

Since early February, the RSI (Relative Strength Index) line on the daily chart has been limited below the 50 mark after several attempts to rise above it were blocked. Right now, RSI has quickly transitioned from hovering above the oversold region to almost reaching the overbought region. On the 4-hour chart, the RSI line has risen into the overbought region, showing the breakthrough for buyers.

Nevertheless, the Stochastic shows some caution in the market. After the price spikes up to $0.0003366, it corrects itself back below $0.0001990. This is what causes the Stochastic lines to bend back below the middle level so as not to exaggerate the price level. Nevertheless, LBLOCKUSD can begin to build the market toward $0.0003366 now.

How To Buy Lucky Block

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