Lucky Block Market Prediction: LBLOCKUSD Poised for Imminent Breakout

Lucky Block Market Prediction: November 8

The Lucky Block market prediction is for the price to be set for an imminent breakout towards the $0.0000880 resistance level.

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

Key Levels:
Supply Zones: $0.0000880, $0.0000360
Demand Zones: $0.0000260, $0.0000200

Lucky Block is forecast to break out of its extended consolidation shortly as it keeps sliding up a trendline toward the $0.0000360 supply line. The coin earlier dropped slightly below the current $0.0000260 demand level, causing the buyers to spring to action and put together some upward momentum that is taking the price towards the $0.0000360 consolidation resistance. It is a matter of time before LBLOCKUSD exits this price accumulation.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block is on the brink of breaking out of its protracted consolidation, steadily ascending along a trendline toward the $0.0000360 supply line.

A minor descent below the existing $0.0000260 demand level prompted a swift response from buyers, instigating upward momentum and propelling the price closer to the $0.0000360 consolidation resistance.

The stage is set for LBLOCKUSD to exit this phase of price accumulation shortly. Analyzing the daily chart, the Momentum indicator has surged significantly and is currently maintaining a sideways trend as the market seeks further rally potential.

Market Expectations

Concurrently, the Stochastic Oscillator lines on the daily timeframe have ascended from the oversold border to reach the 50 mark, signaling increased buying momentum. On the 4-hour timeframe, the Momentum indicator exhibits undulating movements, consistently forming higher lows along the rising trendline.

The Stochastic Oscillator lines follow a similar undulating pattern across the entire range, presently hovering around the 50 mark. These indicators suggest that LBLOCKUSD is poised to sustain upward progress until it successfully breaks out of the ongoing consolidation.

How To Buy Lucky Block

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