Lucky Block Market Prediction: LBLOCK/USD Bulls Seek Support at a Strong Key Level

Updated:

Lucky Block Market Prediction – March 22

The Lucky Block market prediction is for the bulls to withstand bearish force above the $0.00336565 solid key level. Afterwards, the market is expected to regain higher price levels.


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

Key Levels:
Supply Zones: $0.00474100, $0.00540160
Demand Zones: $0.00220000, $0.00336565
Lucky Block Market Prediction: LBLOCK/USD Bulls Seek Support at a Strong Key Level Lucky Block is seeking support at a strong demand level to withstand the market’s bearish pressure currently facing. The price was initially bordering the $0.00360520 key level, but the bulls considered the $0.00336565 price level a more stable and solid level to retreat to. Therefore, the price is expected to fall to $0.00336565, at which point the bulls are expected to regroup and start a rally.


Lucky Block Market Prediction: What to Expect from Lblock

Following the market reversal of LBLOCK/USD from the $0.00220000 demand level on the 15th of March, the price rose to 130% before it was curtailed at the $0.00474100 resistance level.

The price has since dropped from the resistance level as bearish pressure built again on the market. The Bulls now seek a solid support level to regroup and rally again. Hence, the coin has dropped towards the $0.00336565 significant level.

LBlock has found a foothold at $0.00336565 as buyers try to regroup. The RSI (Relative Strength Index) and the Stochastic indicators signify an accumulation phase before the market rallies again.


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

The 5-minute chart shows an apparent sideways movement of the price above the $0.00336565 key level. The market is set to continue in its ranging phase as the price tries to stabilize itself and resist the bearish pressure currently directed against it. The zigzag movement of the RSI also confirms a consolidation phase.
Lucky Block Market Prediction: LBLOCK/USD Bulls Seek Support at a Strong Key Level However, the Stochastic Oscillator has dropped further into the oversold region and then crossed upward. This is in favour of buyers, and it shows a positive movement from the bulls. LBLOCK is expected to bounce off this solid support towards and violate several levels to reach $0.00474100 again.

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.