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Lucky Block Market Prediction: January 17
The Lucky Block market prediction is for the price to stabilize above $0.0000470 before using it as a launch pad toward a higher price level.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000880, $0.0000600
Demand Zones: $0.0000470, $0.0000360
LBLOCKUSD has taken the first step towards reclaiming its price levels by drilling through the $0.0000470 former resistance level. A triangle consolidation earlier led to a drop in price below $0.0000470. It has taken the market some time to push back above the level. Lucky Block will now want to stabilize above the level to use it as a springboard to soar toward the next resistance at $0.0000600. There is still a bit of work to do to achieve this, but it looks certain.
Lucky Block Market Prediction: LBLOCK/USD Anticipation
LBLOCKUSD has taken a significant step in reclaiming its price levels by surpassing the $0.0000470 former resistance.
Following a previous drop below this level due to a triangle consolidation, the market has made efforts to recover. The focus now is on stabilizing above $0.0000470.
The $0.0000470 level will be used as a launching pad for an ascent toward the next resistance at $0.0000600. While there is work to be done, the prospects of achieving this goal appear promising.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
On the daily timeframe, the RSI (Relative Strength Index) indicator is yet to surpass the 50 mark, but a sharp uptrend indicates ongoing upward pressure. However, the Stochastic Oscillator lines have experienced a slight rise, moving above their middle line.
The 4-hour timeframe reveals substantial progress. The RSI line has surged upward, testing the overbought border before retracing. Similarly, the Stochastic Oscillator lines have undergone a surge, reaching towards the overbought region. The challenge now for LBLOCK is to maintain stability above $0.0000470 before further upward momentum can be realized.
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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