Lucky Block Price Anticipation: Price Growth Continues as Buyers Push for a Breakout

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Lucky Block Price Anticipation – November 1

The Lucky Block price anticipation is for the market to break out in an upward direction at the end of consolidation.

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: Price Growth Continues as Buyers Push for a Breakout

Lucky Block remains in a consolidation phase as it gets its buyers to regroup to influence the market. The consolidation which started on the 25th of October has now lasted into a new month. The focus, however, is on the outcome of the consolidation. The bulls are hoping to make the most of it by driving the price to a much higher level.

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

Lucky Block remains in what we can call a reversal phase. In that, while a definite bearish trend has been firmly stopped, a bullish trend is yet to begin. The current consolidation phase will ensure it works out.

The coin is accumulating majorly between $0.0002150 as the resistance and $0.0002060 as the support level. Occasionally, it can be seen that the candlesticks extend slightly beyond the key levels.

This is a reversal phase, therefore we expect the buyers to come out victorious in this tussle. As a result, the MACD indicator has its lines above the zero level for the whole duration of the consolidation.

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

Also on the 4-hour chart, the MA period 50 has dropped close to the support level of the consolidation zone to aid the upward rise of the price. On the 1-hour chart, the MA period 50 is also closer to the lows of the candles than to the highs. This indicates that the price accumulation tendencies are with the buyers.

Lucky Block Price Anticipation: Price Growth Continues as Buyers Push for a Breakout

The 1-hour MACD (Moving Average Convergence Divergence) chart, while having its lines undulating around the zero level, has more presence in the positive values than the ones below the zero level. Bulls are well poised to influence the price upon breakout.

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.