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Lucky Block Market Prediction – December 20
The Lucky Block market prediction is for a the coin to keep a sustained effort at violating the $0.0000880 resistance zone.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels-
Supply Zones: $0.0000880, $0.0001100
Demand Zones: $0.0000600, $0.0000360
LBLOCKUSD is pushing to breach the $0.0000880 supply line. Very clear signals are the consistent spikes aimed at the resistance level. is evident in the number of tests of the level. The effect of the bulls remains present, and this is seen in the fact that the market did not shoot back upward to break the resistance immediately after. Nevertheless, the buyers are regrouping to launch another sustained assault at the resistance level.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCKUSD is actively striving to breach the $0.0000880 supply line, evident in the consistent spikes directed towards this resistance level.
Notably, the market refrained from an immediate upward surge to break the resistance, indicating a persistent influence of bearish sentiment.
Despite this, buyers are regrouping, preparing for another concerted effort to overcome the resistance.
Market Expectations
The MA Cross (Moving Average) plays a pivotal role, with one of its lines serving as a substantial support for the daily candles. The RSI (Relative Strength Index), previously indicating an overbought condition, has now retreated closer to the 50 mark, reflecting a potential shift in market dynamics.
On the 4-hour timeframe, the market exhibits signs of consolidation, reflected in the fluctuating RSI line around the 50 mark. The price has descended below the MA Cross, contributing to the uncertainty in this timeframe. Despite the prevailing bearish pressure, the outlook for LBLOCKUSD anticipates a recovery and a continuation of its upward surge.
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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