Lucky Block Market Prediction: The LBLOCK/USD Price Moves to Rebound From the $0.0001990 Level

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Lucky Block Market Prediction: November 29

The Lucky Block market prediction is that the price will resume its upward trajectory after it retests the support level at $0.0001990.

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

Key Levels:
Zones of supply: $0.0001670, $0.0001760, $0.0002500
Zones of Demand: $0.0001570, $0.0001990, $0.0001330

The price of the LBLOCK/USD spiked erratically as the new week began, peaking at $0.0002500. This happened after the market initially moved in a downward channel for weeks due to a general bearish trend in the market.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

The price broke through many barriers during the significant breakout that followed the start of the week. The upper supply zone, last reached earlier in October, was achieved with this current market trend.

Although it is anticipated that the price of LBLOCK will touch down on the long-standing upper support before the uptrend restarts, signs mostly support the notion that the market is still moving in favor of bulls. Despite the market’s retest fall, the True Strength Index indicator shows that the market is still bullish.

The Moving Average indicator line underlines the LBLOCK/USD chart’s bullish candles. This only implies that the market is still robust enough to support the price’s upward movement along the chart.

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

The hourly chart demonstrates that the market is currently being led toward a consolidative battle at the present price level. For LBLOCKUSD, the $0.0002000 zone has been a busy crucial zone. The price might not need to return to $0.0001990 to resume its uptrend if the bulls gain the upper hand in the current battle.

Lucky Block Market Prediction: The LBLOCK/USD Price Moves to Rebound From the $0.0001990 Level

The SuperTrend indicators on this 1-hour chart confirm that the market’s bullishness has not been affected by the consolidation efforts at the present price level. In any case, as more buyers enter the market at the current level, the price is anticipated to return to $0.0002500.

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.