Lucky Block Price Forecast: LBLOCK Buyers Are Reigniting From the $0.00048650 Level

Updated:

Lucky Block Price Forecast – August 12

The Lucky Block price forecast is for bulls to reignite themselves at the $0.00048650 support level. Every indication is in the bulls’ favour.

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

Key Levels:
Supply Zones: $0.00062130, $0.00076050
Demand Zones: $0.00041890, $0.00048650
Lucky Block Price Forecast: LBLOCK Buyers Are Reigniting From the $0.00048650 LevelLucky Block buyers are set to reignite themselves at the $0.00048650 support level after the price slumped beyond the former support at $0.00062130. The bulls were hoping to kick off at that previous support level, but a number of factors contrived to push the price down. This includes the need for more market investors to climb on the market.

Lucky Block Market Expectation: LBLOCK/USD Revives Bullishness

Lucky Block dropped to the first support level at $0.00062130 on the 5th of August after failing to find an anchor above the $0.00079960 price level.

A tussle occurred at this level between opposing market forces, which resulted in the price remaining stable at the $0.00062130 support level. Eventually, the price dropped to a lower level of $0.0004865, allowing more investors to be able to climb on the market.

At $0.0004865, the buyers are reigniting the price. The RSI line has bounced upward from the oversold region and is ascending towards the overbought region.

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

The 5-minute chart shows that LBLOCK is making progress in an upward direction. The candles have bounced off the combination of the $0.00048650 support level and the lower Bollinger Band. The slow movement shows that bearish pressure is still abounding, but the buyers have more strength at this point.
Lucky Block Price Forecast: LBLOCK Buyers Are Reigniting From the $0.00048650 LevelThe line of the RSI (Relative Strength Index) indicator on the 5-minute chart has risen from the oversold region to the overbought region and is currently undulating around the border of the overbought region. The bulls will aim directly for $0.00062130.


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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.