Lucky Block Price Anticipation: Price Accumulation Continues as the Buyers Edge toward a Breakout

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Lucky Block Price Anticipation – October 31

The Lucky Block price anticipation is for the price to continue accumulating till buyers reach a peak level where they can strongly influence the market.

LBLOCK/USD Long-Term Trend: Bullish (4-Hour)

Key Levels:
Zones of supply: $0.0002980, $0.0004200, $0.0005000
Zones of Demand: $0.0002100, $0.0001880, $0.0000880

Lucky Block Price Anticipation: Price Accumulation Continues as the Buyers Edge toward a Breakout

The LBLOCK buyers intervened in the course of the market and interrupted the plunge in price. Afterward, the coin stabilized above the $0.0002060 support level, where it is now accumulating. The price consolidation, which started on the 26th of October, has continued for 5 days and is predicted to last a few more days as the coin gathers momentum for an upward drive.

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

The battle continues for the buyers to fully take control of the market. The bulls have done well to halt the continuous plunging of the market. Their next target is to strengthen sufficiently to begin a rally.

The price has been lifted above the $0.0002060 significant level, and the buyers have cut short the tendency of the coin to drop lower than that. Instead, the coin is now accumulating above the level of the rise.

The RSI (Relative Strength Index) line is seen fluctuating around the middle 50.00 level as the price continues to accumulate. The Bollinger Band has also squeezed around the 4-hour candles.

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

The indicators on the 1-hour chart are consistent with those on the 4-hour chart. The RSI indicator is also fluctuating around the middle line but with much more volatility. Also, the Bollinger Bands can be seen squeezing tightly around the 1-hour candlestick. This hold will be broken when the price eventually surges upward.

Lucky Block Price Anticipation: Price Accumulation Continues as the Buyers Edge toward a Breakout

Therefore, consolidation continues in the Lucky Block market as the buyers await the right time to strike. More positive bullish indicators are expected to emerge in some hours or days, after which the buyers will then drive the coin upwards. The target of the buyers is firmly set at the $0.0005000 price 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.