Lucky Block Price Forecast: LBLOCK Bulls Gain Ground Over the Bears in Market Influence

Updated:

Lucky Block Price Forecast – August 16

The Lucky Block price forecast is that the bull market will continue to expand its influence from the $0.00041890 significant level, thereby gaining more ground against the sellers.

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

Key Levels:
Supply Zones: $0.0006213, $0.00067840
Demand Zones: $0.00041890, $0.0004865
Lucky Block Price Forecast: LBLOCK Bulls Gain Ground Over the Bears in Market InfluenceLBLOCK bulls have found a strong landing point at the $0.00041890 significant support level and have begun to wield influence in the market. The price had previously been down-trending due to the sellers’ monopoly. However, the Lucky Block bulls have found a strong landing point from which they have begun to take off upward, and they are expected to gain ground against the bears.

Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness

During the bearish tenure that spanned from last month into August, market investors could be observed trying to create a rallying point at several price levels. But heavy bearish pressure mostly took them out.

Nevertheless, as soon as the market landed at the $0.00041890 support level, the price regained stability. The buyers are now exploiting this to their advantage to gain ground against the bears.

As a result, the EFI (Elders Force Index) has switched gears to a positive value to show a recent surge of bullish moves. The coin is now approaching a stage that will break the first barrier at $0.00048650.

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

The 5-minute chart highlights much progress with the bulls. As of the time of writing, the market is trading around $0.00045370. The odds are in favour of the buyers as the MACD (Moving Average Convergence Divergence) lines have swirled above the zero level.
Lucky Block Price Forecast: LBLOCK Bulls Gain Ground Over the Bears in Market InfluenceThe EFI is essentially at equilibrium with the market. But the bulls look most likely to cause a pull of the market towards themselves. The buyers will try to break the initial barrier at $0.0004560 for an opportunity to gain more ground against the bears.

You can purchase Lucky Block here. Buy LBLOCK

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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.