Lucky Block Price Forecast: LBLOCK Consolidates Around $0.0000470 Level

 

Lucky Block Price Forecast: January 19

The Lucky Block price forecast is for the market, having recovered above $0.0000470, to use consolidation to push the price further upward.

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

Key Levels:
Supply Zones: $0.0000600, $0.0000880, $0.0001100
Demand Zones: $0.0000470, $0.0000360, $0.0000260

The Lucky Block market is now in the process of consolidating again, and the buyers are looking for a way out. After stopping the drop and recovering above the $0.0000470 level, the coin will now embark on a fresh consolidation move to get the market to attain higher price levels.

Lucky Block Price Forecast: LBLOCK/USD Outlook

The Lucky Block market is currently consolidating, with buyers seeking a favorable path forward.

Following the successful prevention of a drop and the subsequent recovery above the $0.0000470 level, the coin is initiating a new consolidation phase to propel the market to higher price levels.

Examining the daily chart reveals the Bollinger Bands closing around the candlesticks, indicating the beginning of a price accumulation process.

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

The RSI (Relative Strength Index) on the daily chart hovers just below the 50 mark, suggesting the potential for a breakout once the RSI surpasses this threshold. However, in the 4-hour timeframe, a more pronounced squeezing around the candlesticks signifies the initiation of consolidation around the significant level of $0.0000470.

Still on the 4-hour timeframe, the RSI briefly surges towards the overbought border before retracting below the 50 mark. Buyers aim to navigate a course back toward $0.0000880 and intend to achieve this through the ongoing consolidation process.

How To Buy Lucky Block

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