Lucky Block Market Prediction: LBLOCK/USD Holds Its Ground in Preparation for a Bullish Drive

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Lucky Block Market Prediction – March 7

The Lucky Block market prediction is for the coin to embark on a bullish drive after steadying itself above the $0.00411820 significant level.


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

Key Levels:
Supply Zones: $0.00972360, $0.00770610, $0.006626680
Demand Zones: $0.00540160, $0.00411820, $0.00341810

Lucky Block Market Prediction: LBLOCK/USD Holds Its Ground in Preparation for a Bullish Drive

LBLOCK is finally stemming its bearish tide above the $0.00411820 significant level. The price dropped to this level just before the weekend, and since then, the market has steadied itself above this demand level into the new week. The buyers will use this period of diminished turbulence to accumulate momentum with which they are expected to launch the coin into a bullish drive.


Lucky Block Market Prediction: What to Expect From Lblock

An exhausted LBLOCK market immediately slumped into a downtrend after hitting its highest price level at $0.00154300 around mid-February. The market plunged, violating several key levels.

The price downtrend is seen as turbulent as several spikes characterize it as the market drops. The plunge in the market was eventually halted at $0.00341810 as the market steadied itself.

A period of sideways movement was ensured, though still with bearish dominance. The price is now steadying above $0.00411820. The EFI (Elders Force Index) has climbed back to equilibrium.


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

The 5-minute chart already shows that bulls have begun making moves in the market. Though the market is still undulating, it has formed a double bottom shape, breaking its neckline to the upside. If well utilized by the bulls, this market structure could be the springboard to propel the market further upward.

Lucky Block Market Prediction: LBLOCK/USD Holds Its Ground in Preparation for a Bullish Drive

In response to the bullish effort in the market, the EFI indicator has its power line at a positive value. A retracement is currently bringing the power line toward the zero level. The RSI (Relative Strength Index) has tested the overbought region border, and it is dropping, though the line remains in the bullish portion. The retracement could be used by price to drive up to $0.00662680.

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.