Lucky Block Market Prediction: LBLOCKUSD Eyes Recovery from a Strategic Support Level

Lucky Block Market Prediction: April 1

The Lucky Block market prediction is for the price to switch its strategy to rally from the lower support level at $0.0000260.

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

Key Levels:
Supply Zones: $0.0000470, $0.0000600
Demand Zones: $0.0000360, $0.0000260

Lucky Block will look to achieve its aim of regaining its lost price level by reverting to an even lower price level. LBLOCK initially tried to rally from the $0.0000360 demand level, spending more than 2 weeks at the level. There was a high expectation of rebounding from this level, as it did earlier in February. However, the market has opted to attract investors at the lower price of $0.0000260.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block is strategizing to regain its lost price level by targeting a slightly lower price threshold.

Despite attempting a rally from the $0.0000360 demand level and spending over two weeks at this mark, the anticipated rebound, reminiscent of its performance in February, did not materialize.

Consequently, the market has shifted its focus to attracting investors at the more accessible price of $0.0000260.

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

On the daily chart, the Elders Force Index (EFI) power line is observed trending below the equilibrium level, a trend that has persisted since the price was rejected at $0.0000750. Concurrently, the Relative Strength Index (RSI) in the same timeframe has declined towards the oversold border but has remained just above it, signaling a potential upward momentum.

Transitioning to the 4-hour timeframe, early signs of investor activity are evident as they seize the opportunity presented by the coin’s reduced price. The EFI power line has sharply reversed its direction, moving towards the equilibrium line, indicating strengthening buying pressure. Meanwhile, the RSI line hovers above the oversold border, poised for an upward trajectory. With these crypto signals in place, LBLOCKUSD is anticipated to rally once it touches the critical $0.0000260 support 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, product, or event. We are not responsible for your investment results.