Lucky Block Market Prediction: LBLOCK/USD Maintains a Bullish Stance

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Lucky Block Market Prediction: November 18

The Lucky Block market prediction is for the market to maintain its bullish stance until it matures enough to begin a new bullish campaign.

LBLOCK/USD Long-Term Trend: Bullish (4-hour Chart)

Key Levels:
Zones of supply: $0.0001880, $0.0002040, $0.0004200
Zones of Demand: $0.0001570, $0.0001360, $0.0000880

Lucky Block Market Prediction: LBLOCK/USD maintains a bullish stance

LBLOCK/USD maintains a bullish stance in a bid to break out of its current ranging channel. Having dropped to a lower price level, the market has been bringing more buyers into play. Therefore, as the price matures, it evolves into a bullish triangle pattern. This is expected to push the price upward.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Before LBLOCKUSD came into the present consolidation zone, it depended on a major resistance level at $0.0002040. The price ranged above that level until it gained strength and pushed upward.

When the coin met rejection at the $0.0002460 resistance zone, the price slumped heavily, such that the $0.0002040 support could not bear the market up, leading it to drop to lower price levels.

Lucky Block then settles above a more robust support zone at $0.0001570. This level has kept it up, and the price is set to spring up from there once it trades above the EMA period 25 (Exponential Moving Average)

LBLOCK/USD Medium-Term Trend: Bullish (1-hour chart)

The market is already building bullish fervor, as shown by the MACD (Moving Average Convergence Divergence) indicator. A long string of bullish histogram bars shows this. This is accompanied by the ever-rising MACD line, which is about to cross into positive values.

Lucky Block Market Prediction: LBLOCK/USD maintains a bullish stance

The EMA period 25 on the 1-hour chart is undulating through the candles, but it is still a little bit above the current trading level. The MACD lines on the same timeframe have been above the zero line but have dropped lower at this time. LBLOCKUSD is expected to eventually break out and rise toward $0.0004200.

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.