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

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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
LBLOCK 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.
The 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.

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