Lucky Block Market Prediction: LBLOCKUSD Set for Bullish Momentum After Being Oversold

Lucky Block Market Prediction: March 28

The Lucky Block market prediction is for the price to embark on an upward drive after falling into oversold conditions.

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

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

The Lucky Block market is keen to return to its bullish course after it was rejected at the $0.0000750 resistance level. Immediately after the rejection, the price dropped below the former demand level at $0.0000600. However, the bulls have been revived and are keen to push the price back to the $0.0000750 key level. Nevertheless, it must first overcome the $0.0000600 former demand level turned supply.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block appears primed for a bullish upswing after experiencing oversold conditions.

Before this oversold phase, the market had witnessed a robust bullish trend, propelling the price from the $0.0000360 support level past multiple resistance barriers to achieve $0.0000750.

However, the momentum waned at this juncture, resulting in the market entering oversold territory.

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

On the daily chart, the Bollinger Bands are contracting around the candlesticks, with the candles currently testing the middle line of the band to ascend above it. Crypto signals from the Stochastic Oscillator indicate a significant shift, with its line transitioning from overbought to oversold territory. Despite this, signs of a bullish resurgence emerge as the lines move out of the oversold zone.

Examining the 4-hour timeframe, the middle line of the Bollinger Band is being surpassed as the price oscillates around it, aiming to stabilize above this level. The Stochastic Oscillator lines have also rebounded from oversold levels and exhibit pronounced fluctuations around the chart’s middle line. With these positive developments, Lucky Block targets a return to the $0.0000470 level following the Easter holidays.

How to buy Lucky Block

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