Lucky Block Price Forecast: LBLOCK Bulls Pull Price Trigger to $0.00569450

Updated:

Lucky Block Price Forecast – March 3

Lucky Block price forecast is for a strong market rally from $0.00569450, where the bulls pulled the price trigger.


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

Key Levels:
Supply Zones: $0.00746260, $0.00675750
Demand Zones: $0.00569450, $0.00336565

Lucky Block Price Forecast: LBLOCK Bulls Pull Price Trigger to $0.00569450

Lucky Block market bulls have pulled back the price trigger to $0.00569450, where the coin is expected to demonstrate a strong rally in the upward direction. The market has been confined to ranging movements for the past few days, with $0.0675750 acting as resistance and $0.00569450 acting as support. After the bulls tried twice unsuccessfully to violate the resistance level, they have now pulled the price trigger to the support level for a significant pump.


Lucky Block Price Forecast: LBLOCK/USD Market Prospects

A strong market rally got LBlock to its all-time high at $0.00973946 on the 17th of February. After this, the coin only reached the level once again before bears began exploiting a perceived weakness in the market.

As a result, the price slides down till it reaches an impervious demand level at $0.0336565. This trigger level rebounded the coin and allowed the bulls to recover some lost ground. However, having not gained optimum momentum, bulls have been caught in consolidation.

Within the consolidation, buyers have pulled the trigger again, back to $0.00569450, from which point the price is expected to surge upward. The Stochastic has crossed upward from the oversold region.


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

The market candlesticks have slid below the consolidation middle line at $0.0614680. Furthermore, the price is now trading very close to the support level as the price is waiting for market forces to jerk it upward.

Lucky Block Price Forecast: LBLOCK Bulls Pull Price Trigger to $0.00569450

The Bollinger Squeeze around the 5-minute candlesticks (which is also observed in the daily timeframe) indicates a potential breakout. Meanwhile, the Stochastic in this timeframe is stalling at mid-level with a tendency to rise, thereby driving the market towards $0.00746260.

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.