Lucky Block Market Prediction: LBLOCK/USD Seeks Rising Opportunities Within the Consolidation

Updated:

Lucky Block Market Prediction – March 14

Lucky Block market prediction is for the coin to find a rising opportunity within its current consolidation that will drive the price to $0.00662680.


LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Supply Zones: $0.00662680, $0.00540160
Demand Zones: $0.00457480, $0.00393250
Lucky Block Market Prediction: LBLOCK/USD Seeks Rising Opportunities Within the Consolidation Lucky Block is undergoing a ranging phase between solid key levels. The price is constrained between $0.00662680 as resistance and $0.00393250 as support, with $0.00540160 serving as a midpoint between the consolidation zone. LBlock has been confined to consolidation for up to three weeks now. But the market can be seen testing the borders of the ranging zone as it continues to seek a rising opportunity.


Lucky Block Market Prediction: What to Expect from Lblock

The all-time high for the coin, which currently stands at $0.00972360, was first attained on the 17th of February. The price pulled back and attempted to break through it but failed and began a swift decline.

The coin began bouncing downward, repeatedly crashing into the $0.00662680 till it dropped below it and was confined. Buyers were not totally out as they struggled to regain the market by keeping it in consolidation.

The inability of the price to rise clear above the middle line of $0.00540160 means the market is currently swayed in the bears’ favour, as shown by the RSI (Relative Strength Index) indicator.


LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

After bouncing back from the middle level, Lucky Block Bears put pressure on the support level at $0.00393250. This has plunged the market from the overbought border into the oversold region on the Relative Strength Index chart in the 15-minute time frame. The coin is exploring opportunities to pump from the oversold region.
Lucky Block Market Prediction: LBLOCK/USD Seeks Rising Opportunities Within the Consolidation The MACD (Moving Average Convergence Divergence) chart shows the market at an equilibrium level with a bit of bias towards the bears. However, the price is set to find zones of weakness in the bear market to drive upward as buyers set themselves in an array. Lblock will attempt to bypass multiple price levels to breach the resistance at $0.00662680.

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.