Lucky Block Market Prediction: LBLOCK/USD Awaits Bullish Market Influence

Updated:

Lucky Block Market Prediction – March 21

The Lucky Block market prediction is for the coin to charge upwards under the influence of market forces. Hence, the price patiently awaits a bullish impetus injection into the market.


LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Supply Zones: $0.00474100, $0.00540160
Demand Zones: $0.00220000, $0.00360520
Lucky Block Market Prediction: LBLOCK/USD Awaits Bullish Market Influence A bullish injection into the market was evident last week when LBlock surged beyond several key levels. The coin, however, reached an impervious price layer at $0.00474100, to which the market was rejected. Then the coin dropped to a key support level at $0.00360520. With Lucky Block running low on energy, the price moves sideways. It is waiting for another burst of bullish momentum.


Lucky Block Market Prediction: What to Expect from Lblock

Lucky Block recently discontinued a ranging phase that began on the 3rd of March by trading below the ranging zone support level at $0.00360520. It was a move employed in the market to get more buyers on board.

After touching down around $0.00220000, sufficient buyers were able to influence the market. The market therefore skyrocketed. The bullish strength was, however, curtailed at $0.00474100.

The coin maintains balance after rejection, but it is back in a lateral direction, awaiting a fresh bullish injection in the market. The Moving Average Convergence Divergence is undulating around the zero level to show the market’s accumulation.


LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

On the 5-minute price chart, though the market is still in a sideways movement, the indicator reveals that the buy traders are currently edging the market as LBlock awaits bullish forces. Unlike the 30 minute chart, the EFI (Elders Force Index) is skewed towards the bulls in the shorter time frame.
Lucky Block Market Prediction: LBLOCK/USD Awaits Bullish Market Influence The MACD indicator also has its line trending above the zero level. The indicator displays predominantly bullish bars with occasional bearish bars. This shows the preparedness of the buyers to strike at the slightest trigger. After the price receives momentum, it is expected to break the resistance level at $0.00540160.

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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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.