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

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

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.

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

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