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Lucky Block Price Forecast: December 19
The Lucky Block price forecast is for the bulls to keep making eager attempts at violating the $0.0000880 resistance level.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000880, $0.0001100
Demand Zones: $0.0000600, $0.0000360
LBLOCKUSD is quite eager to violate and rise beyond the $0.0000880 resistance level. This is evident in the number of tests of the level. Even when the price has not completely stabilized above the $0.0000600, it is making enthusiastic spikes upward to test the resistance level. The influence of the sellers currently lingers in the market due to the initial rejection at the same resistance level. Nevertheless, bulls are more dominant and are set to push their limits.
Lucky Block Price Forecast: LBLOCK/USD Outlook
LBLOCKUSD is displaying a keen determination to surpass and ascend beyond the $0.0000880 resistance level, as evidenced by multiple testing endeavors.
Despite the price not yet achieving complete stabilization above $0.0000600, it consistently exhibits vigorous upward spikes, reflecting its eager attempts to challenge the resistance level.
While seller influence persists due to initial rejection at this level, the prevailing dominance of bulls signals an intent to push beyond their current limits.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
The aftermath of the recent rejection is apparent as the Parabolic SAR (Stop and Reverse) dots remain positioned above the daily candlesticks. Achieving a reversal would require sustained upward momentum to relocate these dots below. The MACD (Moving Average Convergence Divergence) has notably risen considerably above the zero level but is presently exhibiting a decline, accompanied by the formation of bearish histogram bars.
On the 4-hour chart, the Parabolic SAR dots are in a dynamic alternation around the candlesticks, reflecting the market’s consolidation between $0.0000880 and $0.0000490. Similarly, the MACD lines on the 4-hour chart are fluctuating around the zero level, currently below it but showing an upward trajectory. The ongoing expectation is for the price to persist in testing the resistance level.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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