Lucky Block Price Anticipation: LBLOCK Gradually Begins Its Uptrend Movement

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Lucky Block Price Anticipation: October 17

The Lucky Block price anticipation is for the market to continue its gradual upward movement till it acquires more strength and confidence to push more.

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

Key Levels:
Zones of supply: $0.0008360, $0.0005000, $0.0009860
Zones of Demand: $0.0003130, $0.0002980, $0.0001880

Lucky Block Price Anticipation: LBLOCK gradually begins its uptrend movement

The Lucky Block market is gradually achieving its goal of converting from a bearish orientation to a bullish one. A complete halt to the downward trend happened at $0.0001880 after the sellers evaded other key levels. The accumulation phase is followed by a period, after which the coin begins a gradual climb.

Lucky Block Price Anticipation: LBLOCK/USD Outlook

A major accumulation occurred from late September into the early days of October between using $0.0004200 as the support level and being capped above the $0.0005000 resistance level.

The market did react to that period of accumulation with a surge on the 2nd of October. However, the buying strength was not up to the cut, which led to a fallback in the price and subsequent drops beyond that accumulation zone.

The plunge was curtailed at $0.0001880, the market’s original price level. Another accumulation follows, which is now leading to a rise. The MA Cross (Moving Average) has crossed upward.

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

The EFI (Elders Force Index) indicator on the 4-hour chart has climbed to a positive value. This demonstrates the market’s gradual climb. In so doing, the price has breached the $0.0002160 resistance level. However, on the 1-hour chart, the coin has dropped back to an equilibrium position.

Lucky Block Price Anticipation: Lblock Gradually Begins Its Uptrend Movement

The upward cross of the MA Cross on the 1-hour chart also ensures that the market is now trading above the recently breached resistance level. LBLOCK will solidify itself above this level and gain more traction to push to higher levels, with a focus on $0.0005000.

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.