Lucky Block Price Anticipation: LBLOCK Plans to Spring Up for a Lower Support Level



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Lucky Block Price Anticipation – October 24

The Lucky Block price anticipation is for the market to fulfil its breakout by pulling back to a lower level where it will to spring upward.

LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Zones of supply: $0.0002980, $0.0004200, $0.0005000
Zones of Demand: $0.0002100, $0.0001880, $0.0000880Lucky Block Price Anticipation: LBLOCK plans to spring up for a lower support level

LBLOCK is gravitating towards using a “pullback and spring up” technique, in which the price will retrace to a slightly lower level and immediately spring up from there, breaking the immediate resistance level and shaking off every hindrance to its upward drive. It is likely that the coin will step back towards the $0.0001880 key level.

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

One major win for Lucky Block in recent times is that the continuous plunge in the market has been arrested and stopped. The next task the coin is embarking on is how to regain lost price levels.

The price rose against the tide to a higher price level at $0.0002060, to kickstart the uptrend movement, but the market may pullback to the initial level as a strategy to finally break the hold of the sellers on the market.

The Stochastic Oscillator lines are currently fluctuating in and out of the oversold region as the price begins to pull back. The coin has also slid below the MA period 30 (Moving Average). The plan is to bounce back immediately from $0.0001880.

LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

The Stochastic Oscillator lines, like on the 4-hour chart, are plunging into the oversold region. This is due to the slight retracement in the price before it surges upward from the $0.0001880 supply line. The candles have now dropped below the $0.0002060 key level on the chart.

Lucky Block Price Anticipation: LBLOCK plans to spring up for a lower support level

The MA period 30 now hangs above the candlesticks as it retraces. The bulls have stationed themselves at the $0.0001880 level so as to contribute to the market potential. Lucky Block will shoot up from the current price level to around $0.0005000 before further upward moves.

How To Buy Lucky Block

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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.