Lucky Block Price Anticipation: LBLOCK Drops to Recruit More Buyers at a Lower Price

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Lucky Block Price Anticipation: November 9

The Lucky Block price anticipation is for the market to resume its upward mobility shortly after dropping to allow more buyers entry at a lower price level.

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

Key Levels:
Zones of supply: $0.0002980, $0.0004200, $0.0005000
Zones of Demand: $0.0002100, $0.0001880, $0.0000880

Lucky Block Price Anticipation: LBLOCK drops to recruit more buyers at a lower price

Lucky Block remains on the verge of a strong bullish movement. However, the coin is trying to diminish all the influences of the sellers. The first thing it did was lift the price above $0.0002210, but it couldn’t get it above $0.0002460 due to the lingering bearish influence. After a while above $0.0002210, the market has taken the drastic yet effective decision of dropping to a former support level to allow more buyers into the market at a lower price.

Lucky Block Market Prediction: LBLOCK/USD continues in an uptrend

The $0.0002040 support level has been very crucial to the Lucky Block market. It was the level that carried the market after the initial bearish trend was halted.

Following that, the coin climbed from that level to a higher price of $0.0002210. However, due to the persistent seller pressure, the market dives to allow more buyers at a lower price level, hence the drop to $0.0002040.

The decision of the market to drop to a lower level has resulted in a reaction from the RSI indicator (Relative Strength Index). Its line has plunged to the oversold border. The Stochastic Oscillator lines have plunged into the oversold region.

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

On the 4-hour chart, the Relative Strength Index line has entered the oversold region and is gradually retracing back above it. There is currently low momentum in the market as it awaits the entry of buyers, after which we will see a more active upward motion.

Lucky Block Price Anticipation: LBLOCK drops to recruit more buyers at a lower price

The Stochastic Oscillator lines have stopped dipping but haven’t begun moving upward; instead, the lines are undulating in a sideways trend. This also shows the current “silent moment,” which precedes a strong bullish showing off the price. Once investments continue to increase, we will soon see the market rise strongly, potentially reaching $0.0004200.

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.