Lucky Block Market Prediction: The LBLOCK/USD Price Consolidates in Wait for a Bullish Trigger

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Lucky Block Market Prediction: December 6

The Lucky Block market prediction is that the price of LBLOCK will continue to accumulate as it waits for the right setup as a trigger.

LBLOCK/USD Long-Term Trend: Bullish (4-hour Chart)

Key Levels:
Zones of supply: $0.00015550 $0.0001670, $0.00017830
Zones of Demand: $0.00016670, $0.0001570, $0.0001990, $0.00013320

Lucky Block Market Prediction: The LBLOCK/USD Price Consolidates in Wait for a Bullish Trigger

The LBLOCKUSD market has since the start of December moved into a consolidation phase due to the intense effort of LBLOCK bears to keep the price of the coin from returning to the supply zone at $0.00017830. This has, however, forced the market to retest the closest demand level for support.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The True Strength Index indicates the market’s recent dive, which has led the indicator lines to tread along the signal line. At the moment, the indicator has not made a succinct decision, but it is expected that the price will bounce off the current support level.

Since late November, the SuperTrend indicator has indicated that the LBLOCKUSD market is bullish. It has, however, taken note of the market’s retest move as it attempts to fend off bearish pressures.

The Moving Average period 89 line, as well, remains underneath the LBLOCKUSD 4-hour candlesticks. This suggests that the Lucky Block market is still largely rising.

LBLOCK/USD Medium-Term Trend: Bullish (1-hour chart)

On the 1-hour chart, however, the True Strength Index has crossed below the indicator’s signal, showing that the marker has had enough sales at the current price and is not likely to go further. The bulls are expected to take advantage of the current discount and return the price to its initial bullish phase.

Lucky Block Market Prediction: The LBLOCK/USD Price Consolidates in Wait for a Bullish Trigger

The consolidation phase, however, continues. As the LBLOCKUSD market awaits the trigger to push the price back to the new restriction zone.

How To Buy Lucky Block

Note: Learn2.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.