Lucky Block Market Prediction: LBLOCKUSD Descends to $0.0000470 Support Level

Azeez Mustapha


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Lucky Block Market Prediction – December 28th

The Lucky Block market prediction is for the buyers to gather momentum in consolidation for a rally to $0.0000880 in the new year.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels-
Supply Zones: $0.0000880, $0.0001100
Demand Zones: $0.0000600, $0.0000470
Lucky Block Market Prediction: LBLOCKUSD Descends to $0.0000470 Support LevelThe Lucky Block market has dropped down to the $0.0000470 demand level which bounds it from below in the current consolidation. Since the market is currently ranging, it is expected to rise back to the $0.0000600 resistance level. This process is expected to continue till the buyers build enough momentum to break out of the consolidation and drive the price to $0.0000880.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The Lucky Block market has descended to the $0.0000470 demand level, forming a lower boundary in the current consolidation phase.

Amidst this ranging behavior, an upward movement is anticipated, aiming to retest the $0.0000600 resistance level.

This iterative process is expected to persist until buyers amass sufficient momentum to break out of consolidation, propelling the price toward $0.0000880.

LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)

On the daily chart, the Moving Average period 20 (MA) positions itself above the daily candlesticks, indicating the prevailing influence of sellers. The Stochastic Oscillator lines reinforce this bearish sentiment by plunging deeply into the oversold region.
Lucky Block Market Prediction: LBLOCKUSD Descends to $0.0000470 Support LevelFrom the short-term perspective, indicators mirror the daily chart dynamics. The MA period 20 predominantly hovers above the 4-hour candlesticks, while the Stochastic Oscillator lines delve deep into the oversold region, moving laterally within that range. The expectation is for LBLOCK to gather momentum soon, initiating a rally back toward $0.0000880.

How To Buy Lucky Block is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment 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.

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