Lucky Block Price Anticipation: LBLOCK Is Pushing Back Upwards After a Downtime

Lucky Block Price Anticipation: November 10

The Lucky Block price anticipation is that the coin will immediately rebound after a dip caused by a volatile market.

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, $0.0001560

The market had been ranging for some time before breaking out on November 4th. Afterward, the market kept pushing in an upward direction until an increase in volatility hit the market. After a while of struggling to keep the price rising, the bulls weakened, allowing the price to drop. The coin also drops below the $0.0002040 strong support level to fall to a new low. More buyers are immediately jumping into the market as LBLOCK is set to fire up.

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

The LBLOCK/USD market rose into consolidation after it had halted the prevalent bearish trend. The first progress made was to push the coin to a higher level, where the price began to range.

After a while, the coin broke out of its ranging phase and rose to rest at $0.0002210 before further upward movements. And when the price began to climb upward, it met stiff opposition at $0.0002460.

LBLOCKUSD then falls back to the $0.0002210 support level, and bears take advantage of weakness to drive the price even lower to a new low. The ATR (average true range) indicator indicates that this is a volatile period.

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

On the 4-hour timeframe, the price first rose above the EMA period 25 (Exponential Moving Average) as buyers tried to drive the market up, then, when the price dropped due to resistance, it traded below the EMA. Nevertheless, on the 1-hour chart, the EMA period 25 has swooped closer to the candles as they rebound off $0.0001560.

The ATR indicator on the 1-hour chart reveals, interestingly, that market volatility is still high. The bulls will take this advantage to strike back and quickly scale through the key levels to regain lost ground and push up for more. Furthermore, if the LBLOCK drops to $0.0004200, more buy-traders will enter the market at the lower low price, adding to the bullish ride.

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.