Lucky Block Market Prediction: LBLOCK/USD Price Reverses to Test the $0.0001990 Level

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Lucky Block Market Prediction: November 28

The Lucky Block market prediction is that the price will return to its uptrend after it retests the support level just below the current price.

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

Key Levels:
Zones of supply: $0.0001670, $0.0001760, $0.0002500
Zones of Demand: $0.0001570, $0.0001990, $0.0001330

Lucky Block Market Prediction: LBLOCK/USD Price Reverses to Test the $0.0001990 Level

As the new week opened up, the price of the LBLOCK/USD skyrocketed sporadically, reaching a peak of $0.0002500. This occurred weeks after the market had initially been moving within a descending channel due to an overall bearish strain in the cryptocurrency market.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The massive breakout in the wake of the new week saw the price break through several restraints. This market reached the upper supply zone, which was last reached earlier in October.

Although the price of LBLOCK is expected to touch down on the longstanding upper support before the uptrend resumes, indicators largely maintain that the market remains on a bullish course. The True Strength Index indicator indicates that the market is still bullish despite the market’s retest dive.

The Parabolic SAR (Stop and Reverse) indicator’s dots have also lined up below the strong bullish candles on the chart. This only infers that the market is still strong enough to continue the price’s climb up the chart.

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

The $0.0002000 zone has been a busy key zone for LBLOCKUSD, and as the hourly chart shows, the market is being led into a consolidative battle at the current price level. If the bulls get a head start in the current scuffle, the price may not need to revisit $0.0001990 to resume its uptrend.

Lucky Block Market Prediction: LBLOCK/USD Price Reverses to Test the $0.0001990 Level

The SuperTrend indicators on this 1-hour chart confirm that the consolidation efforts at the current price level have not changed the bullish status of the market. In any case, the price is expected to return to $0.0002500 as more buyers arrive at the current level.

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.