Lucky Block Market Prediction: The LBLOCK Market Complies with Rising Trendline

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Lucky Block Market Prediction: January 23

The Lucky Block market prediction is for the price to keep complying with its rising trendline, thereby moving steadily along an upward part.

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

Key Levels:
Zones of supply: $0002980, $0.0002040, $0.0001880
Zones of Demand: $0.0001570, $0.0001360, $0.0001200

Lucky Block Market Prediction: LBLOCK market is complying to its rising trendline

LBLOCKUSD is complying with its rising trendline to continue in a tapering movement that helps to put pressure on the $0.0002980 market cap. Currently, the price is trading close to the trendline, and we expect to see a surge that will test the $0.0002980 key level very soon. Overall, the coin remains on a bullish trail as it keeps complying with the rising trendline.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

LBLOCK has been thus far capped above the $0.0002980 resistance level. Currently, the market is trying to fight off the bearish forces and break through the limiting level.

The coin has adopted a means of complying with a rising trendline, essentially tapering through a triangle-like structure. This will help put pressure on the resistance level until it breaks through.

The price is trading close to the lower Bollinger Band and is expected to spring toward the upper band soon. The next drop in price will be at a higher low above the trendline.

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

The RSI (Relative Strength Index) line is also rising, having risen from the oversold region to the lower half of the RSI chart. Another upsurge would see the price rise above the middle line, and if a drop occurs again (due to the market’s tapering), it will form a higher low.

Lucky Block Market Prediction: LBLOCK market is complying to its rising trendline

The RSI on the lower chart is indicative of the current drop as the price is undulating. An imminent rise is expected soon. Also, the Bollinger Band has squeezed onto the candlesticks. This is to show that a surge to the upside is expected. The price will keep complying with the trendline till it breaks the $0.0002980 resistance level.

How To Buy Lucky Block

NoteLearn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.