Lucky Block Price Anticipation: LBLOCK is Expected to Keep Rising

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Lucky Block Price Anticipation: November 7

Lucky Block price anticipation is for the market to keep up its upward trajectory after it breaks former consolidation and rises to a new price level.

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 is finally on an upward ascendency after it evaded a prolonged ranging phase. The ranging phase lasted for more than 2 weeks, from the 18th of October to the 4th of November. Afterward, it broke the supply level and rose directly to $0.0002462. Currently, the price is retracing to the closest support level at $0.0002223, from where it is expected to bounce back and continue its uprising.

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

Lucky Block has successfully navigated through its range phases, which lasted for more than 2 weeks. The coin can now be said to be well-equipped to begin its journey in an upward direction.

Therefore, the coin breaks the supply level that keeps it in consolidation and surges past a couple of price levels to get to $0.0002462. The market is now retracing to the nearest support to regain its energy.

The RSI (Relative Strength Index) line, having entered the overbought territory, has dropped to the middle line due to retracement. The MA period 30 is below the 4-hour candles and will offer support to the buyers to continue the uptrend.

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

On the 1-hour chart, the market’s retracement is in full gear as the coin drops back to the $0.0002223 support level. As a result, the market has traded below the MA 30. Likewise, the RSI line has dropped below the middle line and into the bearish half of the chart.

All the current bearishness of the market in this shorter timeframe is expected to be corrected soon enough to align with the bullish outlook on the 4-hour chart. Therefore, we are expected to see the coin rise, break the $0.0002462 limit, and continue to rise to higher levels.

How To Buy Lucky Block

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