Lucky Block Market Prediction: LBLOCK/USD Maintains a Solid Grip on the Demand for a Rally

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Lucky Block Market Prediction: December 20

The Lucky Block market prediction is for the coin to maintain its strong demand level, from which a rally is set to take place.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $0002980, $0.0002460, $0.0002150
Zones of Demand: $0.0002040, $0.0001990, $0.0001360

Lucky Block Market Prediction: LBLOCK/USD Maintains a Solid Grip on the Demand for a Rally

LBLOCK/USD is still insistent on finding a way beyond the new resistance level at $0.0002980. The price rose to this resistance level at the beginning of this month and was rejected. Since then, the price has maintained a solid grip at $0.0001990 (which stretches to $0.0002040). The bulls are expected to take advantage of the demand zone for a rally.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The market rose by more than 100% to reach the $0.0002980 resistance level from where it was rejected on the 1st of December. With a long spike on December 5th, the price would rise to test the supply once more.

In general, the sellers have piled pressure on the market since it tested the $0.0002980 resistance level twice. Nevertheless, the market maintains a formidable demand zone around $0.0001990.

The bulls are expected to take advantage of this strong demand level to rally the price. In addition, the MA period 30 (Moving Average) remains below the candlesticks to give it an extra layer of support.

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

The buyers demonstrate their supreme control over the market on the MACD (Moving Average Convergence Divergence) indicator, despite the drop off of the market at the $0.0002980 resistance. The bullish bars have been predominant ever since. Only recently have the histogram bars been reduced, but the lines remain above zero.

Lucky Block Market Prediction: LBLOCK/USD Maintains a Solid Grip on the Demand for a Rally

On the 4-hour chart, there are indications of range in the market. The MA period 30 is sliding through the 4-hour candles. Also, the MACD chart has its lines fluctuating around the mid-level. This is an indication that the price has been halted from dropping below the $0.0001990 level. Buyers are expected to drive the market higher shortly.

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.