Lucky Block Price Anticipation: LBLOCK To Retest the $0.0000470 Resistance

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Azeez Mustapha

Updated: 1 February 2024

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Lucky Block Price Anticipation: January 26

The Lucky Block price anticipation is for the bulls to re–test the $0.0000470 key level to go through to the next resistance at $0.0000600

LBLOCK/USD Long–Term Trend: Bullish (1–Day Chart)

Key Levels:
Zones of Supply: $0.0000600, $0.0000880
Zones of Demand: $0.0000470, $0.0000360

Lucky Block Price Anticipation: LBLOCK To Retest the $0.0000470 Resistance
Lucky Block will now proceed to test the $0.0000470 resistance level once again. The market has thus far been fluctuating above the $0.0000360 demand level to the end, and it might gain more buyers. With the investment coming in, it is now expected that the price will rise to test the $0.0000470 resistance level again. If the bulls are strong enough, the market will break through to the $0.0000600 resistance; otherwise, it will drop back toward $0.0000360 for more investment.

Lucky Block Market Prediction: LBLOCK/USD Anticipation

Lucky Block (LBLOCK) is gearing up to retest the $0.0000470 resistance level once more. The market has exhibited consistent fluctuations above the $0.0000360 demand level, attracting potential buyers.

With increasing investments, there is anticipation that the price will ascend to challenge the $0.0000470 resistance level again. The outcome hinges on the strength of the bulls

A successful breakthrough could propel the market toward the $0.0000600 resistance, while a lack of bullish strength may lead to a retreat back to $0.0000360, creating further investment opportunities.

LBLOCK/USD Medium–Term Trend: Bullish (4–hour chart)

Analyzing the Stochastic Oscillator lines reveals an initial rejection, with a drop to the oversold border occurring when the price bounced off the $47,000 level. Currently, these lines are on the verge of crossing upward, signifying the market’s preparation for another test. The Moving Average period 20 (MA) maintains its position above the daily candlesticks, suggesting ongoing positive momentum.

On the 4–hour timeframe, the Stochastic Oscillator lines have already reversed upward from the oversold region, surpassing the 50 marks and heading towards the overbought zone. Simultaneously, the MA period 20 is poised to edge above the price on this shorter timeframe, confirming an impending upward movement. These crypto signals point towards a potential bullish scenario for Lucky Block in the near term.

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