Lucky Block Price Forecast: LBLOCK Finally Breaks Out; More Upside Movement Expected

Updated:

Lucky Block Price Forecast – September 12

The Lucky Block price forecast is for the buyers to push even higher after they successfully execute a breakout.

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

Key Levels:
Zones of supply: $0.000800, $0.000690
Zones of Demand: $0.000500, $0.0006130
The Lucky Block price forecast is for the buyers to push even higher after they successfully execute a breakout.Lucky Block has finally executed a breakout from below the $0.000690 significant level. The buyers are now pumped up for more upside movements because they figured that a successful violation of one resistance is a boost in self-belief for another. The market survived a drop back below $0.000690 and is now set about forcing another breakout past $0.0008410.

Lucky Block Price Forecast: LBLOCK/USD Outlook

It is safe to say the market has been captured by the bears and is now under the influence of buy-traders. The sellers dominated the market up until the 9th of September.

The coin was translated from the bearish influence using a rising triangle pattern. Two key levels were particularly instrumental in formulating the triangle—the $0.000500 and the $0.000600 significant levels.

The operation becomes successful as the price continuously tugs at the $0.000690 resistance. The MA period 50 (Moving Average) was lined up below the 30min candles all along, acting as support.

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

After the coin rose above the $0.000690 significant level, there was an acute failure that befell the market today, in which the coin dropped right back below the $0.000690 level. However, the buyers reacted quickest to shoot the price right above the level and back to where it dropped from.

https://learn2.trade/lucky-block-price-forecast-lblock-bulls-are-waiting-to-strike-from-0-000750After that, Battle Infinity finds rest and remains above the $0.000690 level. A new plan to violate the next resistance level at $0.000840 is already underway. The Stochastic lines are falling as the price is currently seeking support at $0.000690. LBLOCK is expected to rebound immediately.

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.