Lucky Block Market Prediction: LBLOCK/USD Poised for a Sharp Upthrust

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Lucky Block Market Prediction: December 15

The Lucky Block market prediction is for the price to patiently wait for the right conditions before it launches an aggressive upward thrust.

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 Poised for a Sudden Upward Thrust

The LBLOCK/USD buyers are patiently waiting for the right opportunity to strike. The price has been thus far limited below the $0.0002980 resistance level and has been trading close to the $0.0002040 demand level ever since. This is not a sign of weakness among the traders; rather, they are patiently waiting for the right time to strike.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block eventually broke the $0.0001990 price line, which had limited its upward movement throughout November.

This leads to more than a 100% price increase, which was curtailed at $0.0002980. The market, therefore, sets its new base level at $0.0002040.

At the new demand level of $0.0002040, the coin has been strategizing to break through its new supply zone. The Parabolic SAR (Stop and Reverse) dots lines above the daily candles as a result of its rejection at $0.0002980.

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

The MACD (Moving Average Convergence Divergence) indicator lines, nonetheless, have risen highly above the zero level in that 1-day timeframe. The drop to the new support level of $0.0002040, on the other hand, has resulted in fewer bullish histogram bars and the formation of a small bearish bar, with the lines lowering their angle of elevation.

Lucky Block Market Prediction: LBLOCK/USD Poised for a Sudden Upward Thrust

Meanwhile, on the 4-hour chart, the MACD lines are fluctuating below the zero level and are instead preparing to rise back to a positive value. In support of this, the long line-up of the Parabolic SAR (Stop and Reverse) dots have been altered and switched below the candles as the buyers begin to rally. A sudden upward thrust will push LBLOCK beyond the $0.0002980 resistance, reaching as high as $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.