Lucky Block Price Forecast: LBLOCK Buyers Rewarded After Prolonged Consolidation

Lucky Block Price Forecast: September 1

The Lucky Block price forecast is that the market to glide upward to reward investors after a prolonged consolidation.

LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Supply Zones: $0.0001990, $0.0001420, $0.0001100
Demand Zones: $0.0000880, $0.0000720, $0.0000650

LBLOCK buyers are reaping the reward for their patience as the price begins to break the barriers. The coin has had to keep a low profile as it tapered through a triangle structure for a prolonged period. By mid-August, the coin had violated the structure and began making upward movements. Its rise, though slow, is assuring and definite. By doing so, the coin has now risen past the first resistance at $0.0001100 and is gunning for the next at $0.0001250.

Lucky Block Price Forecast: LBLOCK/USD Outlook

Investors in LBLOCK are now reaping the rewards of their patience as the cryptocurrency’s price surmounts previous barriers.

The coin had maintained a discreet profile while navigating through a triangular structure for an extended period. By mid-August, it broke free from this structure and commenced an upward trajectory.

Although the ascent has been gradual, it is imbued with assurance and determination. Consequently, LBLOCK has surpassed its initial resistance at $0.0001100 and is now setting its sights on the next barrier at $0.0001250.

LBLOCK/USD Medium-Term Trend: Bullish (4-hour chart)

On the daily chart, the Stochastic Oscillator lines have exhibited a rapid and direct surge towards overbought territory, acknowledging the ongoing market rally. The Average True Range (ATR) indicator has shown only a marginal increase in volatility, further affirming the nature of this upward movement as a robust, steady, and confident rise.

This pattern observed on the daily chart is mirrored on the 4-hour chart, where the Stochastic indicator has transitioned into the bullish segment. Market volatility remains subdued even in this shorter time frame. Consequently, the bulls aim to maintain their current activity consistently to potentially surpass the $0.0001250 resistance and aim for the target of $0.0001420.

Crypto Trading Bot

 

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.