Lucky Block Market Prediction: LBLOCK/USD to Gain Momentum From New Consolidation

Updated:

Lucky Block Market Prediction – March 18

The Lucky Block market prediction is for the price to embark on a new consolidation phase to gather more momentum.


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

Key Levels:
Supply Zones: $0.00540160, $0.00502670, $0.00474100
Demand Zones: $0.00378200, $0.00336565, $0.00220000
Lucky Block Market Prediction: LBLOCK/USD to Gain Momentum From New Consolidation After a strong bullish round, LBLOCK/USD will embark on a new ranging phase in a familiar consolidation zone. The essence of a fresh consolidation is to enable the buyers to gather more momentum before running out of steam. The coin rose to a price level of $0.00474100 before dropping back. The market is set to begin a consolidation with $0.00378200 as support.


Lucky Block Market Prediction: What to Expect from Lblock?

The ranging phase, which began in late February, was a tool used by market buyers to protect the market from excessive price drops.

After a while of consolidating, LBlock descended out of the range zone. This was a tactic that buyers used to bring about a return to the bullish strength in the market. The result is that the market surged from a depressed state.

The price has now risen into the consolidation zone and is set to range for a while before more upward movement. With the price drop, the Stochastic is currently in an oversold region for an imminent rise.


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

On the 5-minute chart, the price is now bordering the consolidation support level at $0.00378200. The price is expected to rise again towards the consolidation resistance at $0.00540160. As a result, it can be observed that the Bollinger Band has been squeezed on the 5-minute chart, and the price maintains a silent movement.
Lucky Block Market Prediction: LBLOCK/USD to Gain Momentum From New Consolidation The Stochastic Oscillator has risen to the border of the overbought region. There is still scope for a rise before the price drops again. LBLOCK/USD is expected to stay in trade in the consolidation for a few more days to build up momentum for a rise to the $0.00540160 level.

How To Buy Lucky Block

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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.