Lucky Block Price Forecast: Anchors Rebound Above $0.0000880 Demand Zone

Lucky Block Price Forecast: September 6

The Lucky Block price forecast is for the market to use the $0.0000880 level to stabilize itself before another attempt at a rally.

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

Key Levels
Supply Zones: $0.0001990, $0.0001420, $0.0001100
Demand Zones: $0.0000880, $0.0000720, $0.0000650

LBLOCK keeps making serious advances in lifting its market beyond the series of supply lines nested above it. The latest attempt sees it make much progress only to get rejected at $0.0001250. This led to an instant pullback that dropped beyond $0.0000880. Nevertheless, the bullish potency of the coin has seen it correct itself almost immediately to anchor its price back above $0.0000880 for a fresh rally.

Lucky Block Price Forecast: LBLOCK/USD Outlook

LBLOCK has exhibited a resilient performance in recent market activities, consistently challenging the resistance levels that lie above it.

The most recent attempt to breach the $0.0001250 resistance level received a rejection, resulting in a swift retreat below $0.0000880.

However, the coin’s bullish momentum has manifested, allowing it to retrace back above $0.0000880, signaling the potential for a renewed upward trend.

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

Analyzing the daily Elders Force Index (EFI), it is evident that the power line has dipped into negative territory due to the price decline. Additionally, the Relative Strength Index (RSI) has transitioned from an overbought state to a bearish position, though it has not reached oversold levels.

Examining the 4-hour chart, the RSI has ventured into oversold territory, but a notable inflection point suggests an impending reversal. Furthermore, the 4-hour EFI power line has exhibited a sharp upturn and is approaching equilibrium. Consequently, there is a likelihood that LBLOCK will rebound towards the $0.0001100 level shortly.

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How To Buy Lucky Block

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