Lucky Block Price Anticipation: LBLOCK Remains on Course For a Breakout

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Lucky Block Price Anticipation – November 3

The Lucky Block price anticipation is for the market breakout as the price accumulation comes to an end.

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 Remains on Course For a Breakout

The market expectation surrounding the Lucky Block market remains for a market breakout as the price accumulation comes to maturity. A thin price level at $0.0002150 acts as resistance, while a more robust layer that extends from $0.0002040 to $0.0001990 is the support layer for the market. The consolidation began fully after the buyers interrupted a plunge to set the price between the levels.

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

The current resistance level at $0.0002150 was a former demand level for the market when the buyers pushed the price up, having edged the sellers.

The coin didn’t stay long and plunged below $0.0002150 due to sellers still being active. However, the bulls would step in at a crucial moment to interrupt the downward flow and set the coin into consolidation.

There has been price accumulation ever since, stretching into the new month. The MACD (Moving Average Convergence Divergence) line recently dropped below the zero level as the new year began but is about to cross upward again.

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

On the 4-hour chart, the Stochastic Oscillator lines are fluctuating around the middle line and more into the bearish half of its chart, but they are more evenly distributed on the 1-hour chart. Currently, the coin is nearing the oversold border.

Lucky Block Price Anticipation: LBLOCK Remains on Course For a Breakout

The positive news for the buyers is that the MACD lines have crossed upward and are rising. The market still boasts a very strong support system to prevent a drop in the coin and rather push it upward for a breakout. The price will aim for the $0.002464 key level.

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.