Lucky Block Price Anticipation: Lblock Is Set for a Strong Upward Push From a Major Demand Zone

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Lucky Block Price Anticipation: October 10

The Lucky Block price anticipation is for the price to embark on a strong upward push from a major demand zone.

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 Is Set for a Strong Upward Push From a Major Demand ZoneLucky Block is set for a major rise in the market after it drops to a significant demand zone at $0.0001880. This demand zone is the price level from which the market started. As a result, the bulls are poised to exert significant influence over the price action. LBLOCK is expected to rise and bypass multiple key levels to reach $0.0006820, from which it is expected to rise further.

Lucky Block Price Anticipation: LBLOCK/USD Outlook

The highest point the market has risen to is $0.0018310, and that is from the $0.0001880 demand level when the coin began its lifecycle. A strong price surge ensured that the movement happened in less than 4 hours.
Thereafter, the market became exhausted so much so that it has been unable to rise beyond that level. This has given the bears a temporary window to influence the market, which leads to a spiral back to the significant support at $0.0001880.

Lucky Block is now all set to push strongly upward from this significant demand zone. Already the RSI (Relative Strength Index) is giving strong indications, having bounced out of the oversold territory and having a consistent higher low.

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

The ATR (Average True Range) indicator on the hourly chart is in a sideways movement. Although the 4-hour chart already showed that volatility had nose-dived as the market plummeted. The sideways movement on the hourly chart shows a volatility equilibrium at a low level.

Lucky Block Price Anticipation: Lblock Is Set for a Strong Upward Push From a Major Demand ZoneThis low, sideways volatility trend is expected to be disrupted by a high wave of volatility that will be needed to push the price higher. The RSI on the 1-hour chart also shows the market undulating in an upward trend along a trendline. LBLOCK is on its way to a strong bullish drive towards $0.0009860.

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.