Lucky Block Market Prediction: The LBLOCK/USD Price Is Growing Toward the Resistance Level

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Lucky Block Market Prediction: December 16

The Lucky Block market prediction is for the price to keep growing towards the resistance level and violate it.

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

Key Levels:

Zones of supply: $0002980, $0.0002460, $0.0002150

Zones of Demand: $0.0002040, $0.0001990, $0.0001360

Lucky Block Market Prediction: The LBLOCK/USD Price Is Growing Toward the Resistance Level

LBLOCK/USD is finally making some appreciable progress as the market is now growing towards the consolidation resistance level at $0.0002980. After making a surge from a lower price level, the coin has since been curtailed at $0.0002980. Though the price has a new support base at $0.0002040, the resistance remains impervious.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

LBLOCK was formerly confined under the $0.0001990 resistance level from the beginning of November to the end. Several moves were made, and the price eventually violated the supply line.

Lucky Block then rose beyond 100% to reach a higher price level. The peak of that surge was at $0.0002980. The market then finds a new and closer demand level, also at $0.0002040.

The market is now making attempts to continue its bullish adventure by bypassing the new resistance level. The EMA period 21 (Exponential Moving Average) is padding the candles form below for support.

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

The EFI (Elders Force Index) power line remains above the zero level despite the initial rejection suffered at the $0.0002980 resistance level. Instead of falling to a negative value, the market’s newfound energy has caused it to bounce off the zero level and increase its angle of elevation.

Lucky Block Market Prediction: The LBLOCK/USD Price Is Growing Toward the Resistance Level

The 4-hour chart shows the market progressing nicely through the key levels. The negative EFI line in the 4-hour chart has risen back to a positive value. The EMA period 21 has dropped below the 4-hour candles to offer support from below. LBLOCK is expected to rise through the key levels of the $0.0002980 resistance and violate it to rise further.

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.