Lucky Block Price Forecast: LBLOCK Gains Consolidation Momentum to Break $0.0001990 Order Block

Lucky Block Price Forecast: April 28

The Lucky Block price forecast is for the market to continue its ranging phase, during which it will generate momentum to break the $0.0001990 supply level.

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

Key Levels:
Supply Zones: $0.0002980, $0.0002740, $0.0001990
Demand Zones: $0.0001880, $0.0001570, $0.0001420

The LBLOCK market will continue in a ranging phase to build up momentum that will push the market above the limiting levels of $0.0001990, whose influence stretches to $0.0002040. The price pattern since mid-March shows the coin to always break through its supply levels. After the coin drills through the former supply level, the price has had to settle back above the level due to the strength of the new supply level. The coin has started ranging and intends to use this to gather momentum to break the resistance levels.

Lucky Block Price Forecast: LBLOCK/USD Outlook

When the Lucky Block market broke its former supply line, it spiked up with consecutive bullish candles till it reached the $0.0002980 major resistance. The coin was suppressed till it dropped below $0.0001990.
The market has since been trading below the $0.0001990 resistance, only making occasional thrusts with a long wick above it. In general, the market has since been confined below the resistance level.
Several retests of the demand and supply levels show that the market is ranging. Buyers are using this to gain momentum. The Momentum indicator line heaved up and has been fluctuating about a point.

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

Still, on the daily chart, the ATR (Average True Range) indicator line is continually plunging from its high level. This is the same situation in the 4-hour timeframe. The market will need a strong increase in volatility to get past the resistance level.

The Momentum indicator on the 4-hour time frame is rising as the price seeks to test the resistance level again. With every cycle in the ranging movement of the market, the buyers are using it to build momentum, with which they will eventually break the $0.0001990 resistance level and soar toward $0.0002740.

How To Buy Lucky Block

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