Lucky Block Price Forecast: LBLOCK Begins to Make Upward Progress

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Lucky Block Price Forecast – August 17

The Lucky Block price forecast is for the market to continue its gradual ascent till it reclaims the lost higher price levels.

LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Supply Zones: $0.0030310, $0.0024940
Demand Zones: $0.0017660, $0.0011330
LBLOCK has made a major dip recently at the beginning of August after it was strongly rejected at $0.0042100. This led to an equally swift decline such that the coin plummeted through multiple key levels until it found support at $0.0017660. Market buyers are recovering from here and are punching their weight, thereby making gradual progress.

Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness

The first attempt of the price to rally immediately after the fall was blocked at $0.0030310. This was what led the price to eventually drop to the $0.0017660 support level.

The first objective of LBLOCK/USD is to violate the immediate $0.0030310 barrier. The price has tested it once more, and though it was rejected, the coin has shifted its base closer to the supply level.

The MACD (Moving Average Convergence Divergence) chart shows its line trying to navigate through the zero level upward. The bulls are, hence, already on another foray upwards. The coin has also traded to the upside of the MA period 50 (Moving Average).

LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

The 5-minute chart also shows the price on the rise with increased momentum. In doing so, the market has traded above the candles on the 5-minute chart. To reach the main objective at $0.0030310, the coin will have to first bypass a softer barrier at $0.0024940.
The MACD chart confirms the strong bullish intent in the market as the MACD lines are currently above the zero level. Lucky Block is expected to keep making progress upward till it pushes through the $0.0030310 barrier and rises even higher.

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