Lucky Block Market Prediction: LBLOCK/USD Price Accumulates Bullish Pressure as Consolidation Continues

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


Lucky Block Market Prediction: December 5

The Lucky Block market prediction is that the price of LBLOCK will continue to garner bullish pressure as it waits for the right setup. However, the consolidation phase is expected to linger.

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

Key Levels:
Zones of supply: $0.00015550 $0.0001670, $0.00017830
Zones of Demand: $0.00016670, $0.0001570, $0.0001990, $0.00013320

Lucky Block Market Prediction: LBLOCK/USD Price Accumulates Bullish Pressure as Consolidation Continues

After reaching a peak of $0.0001780 earlier in the month, the LBLOCKUSD price has been held down in a scuffle with the market’s selling force. This has caused the market to enter a range before it eventually moves to retest the nearest demand level to get support.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The Stochastic Oscillator indicates that the market has reached an oversold condition at the current price level. This implies that the market will most likely not be able to continue in that bearish direction.

A reversal can hence be expected, even as the SuperTrend indicator signals. The indicator had indicated a strong bullish run for LBLOCK until the markets retest move for support. As more trading activities happen on the $0.0001670 demand level, the bulls are favored to have the edge, even as they return the price to the upper support level.

However, the Moving Average indicator on the 89-period confirms that the market remains bullish. This is despite the recent price nosedive. The indicator crossed to underline the market movement in the closing days of November and has since continued to show support for the increasing LBLOCKUSD market.

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

On the hourly chart, the consolidation phase lingers as expected. However, the Stochastic Oscillator lines have crossed the midline, signaling a return of the bulls into the market.

Lucky Block Market Prediction: LBLOCK/USD Price Accumulates Bullish Pressure as Consolidation Continues

In a short time from now, it is expected that the market gets the trigger it’s waiting for, and from the launch back upward. The LBLOCK market is thus expected to continue to rise within the upward channel.

How To Buy Lucky Block

NoteLearn2.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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

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.