Lucky Block Price Forecast: LBLOCK Is Expected to Rebound From the $0.000680 Support


Lucky Block Price Forecast – September 13

The Lucky Block price forecast is for the market to rebound from the $0.000680 support level and break the $0.000830 resistance level.

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

Key Levels:
Zones of supply: $0.000740, $0.000830
Zones of Demand: $0.000470, $0.000680
Lucky Block Price Forecast: LBLOCK Is Expected to Rebound From the $0.000680 SupportHaving successfully executed a breakout past the $0.000680 level as resistance, Lucky Block is already forward-thinking. The buyers are moving on to the next major resistance level at $0.000830. The price is being forced into consolidation, and currently, LBLOCK is dropping back to the $0.000680 level (as support). The price is expected to rebound off towards the resistance level again.

Lucky Block Price Forecast: LBLOCK/USD Outlook

The bearish trend in the market has been redirected in an upward direction on the 9th of September from the $0.000470 significant support level. In doing so, the price breaks the $0.000680 barrier.

The coin kept sliding upward along its trendline, but forceful resistance from a new level at $0.000830 ensures that the market falls off the trendline. Buyers still have the upper hand and will look to spring back immediately from the $0.000680 support.

A string of Parabolic SAR (Stop and Reverse) dots appear above the 30 min candles to show the rejection suffered. However, as the candles touch down at $0.000680, a new string of dots begins to line up below the candlesticks.

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

Also on the 30-minute chart, the Momentum indicator line is being compressed into a triangle shape showing consolidation. This is expected to lead to a breakout to the upside. The 5-minute Momentum indicator also confirms the same setup.
Lucky Block Price Forecast: LBLOCK Is Expected to Rebound From the $0.000680 SupportFurthermore, despite its drop to the $0.000680 support level, LBLOCK later finds rest and holds above the many more Parabolic SAR dots below it on the 5-minute chart. Buyers are very much in power and will look to demonstrate their dominance by rebounding from the support level towards breaking the $0.000830 resistance and moving to even higher price levels.

How To Buy Lucky Block

Note: 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.