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Lucky Block Market Prediction: December 12
The Lucky Block market prediction is for the price to keep making continuous efforts to continue its upside momentum.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000880, $0.0000600
Demand Zones: $0.0000490, $0.0000360
Lucky Block is already making moves to recover in time to continue its upward movement. Spending a little more time at the current level may introduce more and more bearish influence, which will pin the market down again. The level to violate is the $0.0000600 significant level. Once this is done, there will be more room for an ascension to $0.0000880.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
Lucky Block is currently taking steps to regain its upward trajectory promptly.
Prolonged consolidation at the current level may expose the market to increased bearish pressure, potentially hindering its ascent.
The critical level to breach is the $0.0000600 mark, unlocking further potential for an upward move towards $0.0000880.
Market Expectations
Examining the daily chart, the Moving Average (MA) period 20 line is ascending to converge with the market at its present trading level, reinforcing the support at $0.0000490. Meanwhile, the Relative Strength Index (RSI) line has retreated towards the 50 mark in correlation with the market’s recent rejection.
In the 4-hour timeframe, the price has established itself above the $0.0000490 resistance and is in the process of upward movement. Presently, the MA period 20 has surpassed the trading level, indicating a positive trend. Although the RSI dipped below the 50 mark during the pullback, it is now endeavoring to climb upward again. The coin’s target is set at $0.0000880.
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.
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